61,419 Shares in Pegasystems Inc. (NASDAQ:PEGA) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Pegasystems Inc. (NASDAQ:PEGA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,419 shares of the technology company's stock, valued at approximately $61,000. Proficio Capital Partners LLC owned approximately 0.07% of Pegasystems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Pegasystems by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company's stock valued at $783,000 after purchasing an additional 141 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock valued at $48,000 after buying an additional 216 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Pegasystems by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company's stock worth $435,000 after buying an additional 219 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in Pegasystems by 48.0% in the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after buying an additional 256 shares during the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Pegasystems

In other Pegasystems news, insider Leon Trefler sold 752 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total value of $70,560.16. Following the sale, the insider now owns 37,973 shares in the company, valued at $3,563,006.59. This trade represents a 1.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rifat Kerim Akgonul sold 2,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $72.25, for a total transaction of $144,500.00. Following the sale, the insider now directly owns 56,534 shares of the company's stock, valued at $4,084,581.50. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,842 shares of company stock worth $6,282,587 over the last quarter. Insiders own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PEGA shares. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Barclays decreased their target price on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. StockNews.com downgraded Pegasystems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Citigroup upped their price objective on Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Pegasystems has a consensus rating of "Moderate Buy" and a consensus price target of $99.36.

Pegasystems Trading Up 5.7 %

PEGA traded up $3.85 on Friday, hitting $71.99. 1,204,381 shares of the company's stock traded hands, compared to its average volume of 609,830. The company's 50 day simple moving average is $92.11 and its 200-day simple moving average is $85.47. Pegasystems Inc. has a one year low of $54.55 and a one year high of $113.67. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 71.28 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates 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 EPS for the current fiscal year.

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.