Pegasystems Inc. (NASDAQ:PEGA) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 637,999 shares of the technology company's stock after buying an additional 153,703 shares during the period. Fisher Asset Management LLC owned approximately 0.74% of Pegasystems worth $59,462,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Foundry Partners LLC bought a new position in shares of Pegasystems during the 3rd quarter valued at approximately $9,567,000. Eagle Asset Management Inc. raised its stake in Pegasystems by 440.5% during the third quarter. Eagle Asset Management Inc. now owns 147,350 shares of the technology company's stock valued at $10,770,000 after purchasing an additional 120,090 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Pegasystems by 34.2% during the fourth quarter. Allianz Asset Management GmbH now owns 468,393 shares of the technology company's stock valued at $43,654,000 after purchasing an additional 119,439 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Pegasystems in the 3rd quarter worth $6,688,000. Finally, Castleark Management LLC bought a new stake in shares of Pegasystems in the 3rd quarter worth about $6,096,000. Hedge funds and other institutional investors own 46.89% of the company's stock.

Pegasystems Stock Performance

PEGA traded up $1.70 during trading on Wednesday, hitting $79.33. 807,639 shares of the stock were exchanged, compared to its average volume of 594,395. The firm has a 50 day simple moving average of $95.11 and a 200 day simple moving average of $85.17. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 78.54 and a beta of 1.11. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67.

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Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. As a group, equities analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems's payout ratio is 11.88%.

Insider Buying and Selling

In other Pegasystems news, CAO Efstathios A. Kouninis sold 299 shares of Pegasystems stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $96.90, for a total value of $28,973.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $105.63, for a total transaction of $211,260.00. Following the sale, the chief financial officer now directly owns 14,466 shares of the company's stock, valued at approximately $1,528,043.58. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,542 shares of company stock valued at $4,490,746 over the last 90 days. Corporate insiders own 50.10% of the company's stock.

Wall Street Analyst Weigh In

PEGA has been the subject of a number of analyst reports. KeyCorp reaffirmed an "overweight" rating and issued a $118.00 price target on shares of Pegasystems in a report on Tuesday, January 14th. Royal Bank of Canada lifted their target price on Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Citigroup increased their price target on Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barclays reduced their target price on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, Rosenblatt Securities raised their target price on shares of Pegasystems from $95.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.36.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.