Rosenblatt Securities Lowers Pegasystems (NASDAQ:PEGA) Price Target to $95.00

Pegasystems (NASDAQ:PEGA - Get Free Report) had its target price dropped by Rosenblatt Securities from $115.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Rosenblatt Securities' target price points to a potential upside of 6.10% from the stock's previous close.

Several other research analysts have also weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Loop Capital decreased their price target on shares of Pegasystems from $115.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays dropped their price objective on Pegasystems from $97.00 to $84.00 and set an "equal weight" rating for the company in a report on Monday. KeyCorp lowered their price target on Pegasystems from $118.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $100.27.

Pegasystems Stock Down 2.0 %

Shares of NASDAQ:PEGA traded down $1.80 during trading on Tuesday, reaching $89.54. The stock had a trading volume of 151,435 shares, compared to its average volume of 689,490. The stock has a market cap of $7.69 billion, a P/E ratio of 89.20 and a beta of 1.22. Pegasystems has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The business has a fifty day moving average price of $73.15 and a 200-day moving average price of $85.46.

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

Insider Transactions at Pegasystems

In other news, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction dated Monday, February 3rd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $68.41, for a total value of $2,154,915.00. Following the sale, the chairman now owns 17,184,614 shares in the company, valued at $1,175,599,443.74. This represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,291 shares of company stock valued at $8,289,469. Corporate insiders own 50.10% of the company's stock.

Institutional Trading of Pegasystems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock worth $26,000 after buying an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Pegasystems by 85.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after purchasing an additional 149 shares during the last quarter. CX Institutional bought a new position in Pegasystems during the first quarter worth $36,000. GAMMA Investing LLC boosted its holdings in Pegasystems by 50.5% in the first quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock worth $42,000 after purchasing an additional 201 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Pegasystems during the fourth quarter valued at $61,000. 46.89% of the stock is owned by institutional investors.

About Pegasystems

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.