Trexquant Investment LP Grows Stock Position in Pegasystems Inc. (NASDAQ:PEGA)

Trexquant Investment LP raised its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 143.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,308 shares of the technology company's stock after purchasing an additional 68,623 shares during the quarter. Trexquant Investment LP owned 0.14% of Pegasystems worth $10,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Principal Securities Inc. boosted its holdings in Pegasystems by 150.5% in the 4th 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. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 149 shares during the period. Proficio Capital Partners LLC acquired a new stake in Pegasystems in the fourth quarter valued at $61,000. Global Retirement Partners LLC grew its stake in shares of Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after purchasing an additional 256 shares during the period. Finally, KBC Group NV increased its holdings in shares of Pegasystems by 28.6% in the 4th quarter. KBC Group NV now owns 1,791 shares of the technology company's stock valued at $167,000 after purchasing an additional 398 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com cut shares of Pegasystems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. JMP Securities reissued a "market outperform" rating and issued a $110.00 target price on shares of Pegasystems in a report on Thursday, February 13th. Barclays dropped their price target on Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. KeyCorp reissued an "overweight" rating and issued a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $99.36.

Insider Buying and Selling

In related news, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $69.75, for a total value of $139,500.00. Following the transaction, the chief financial officer now owns 21,245 shares in the company, valued at approximately $1,481,838.75. This trade represents a 8.60 % 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 the SEC website. Also, Chairman Alan Trefler sold 31,500 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $77.38, for a total value of $2,437,470.00. Following the completion of the transaction, the chairman now owns 17,308,786 shares in the company, valued at approximately $1,339,353,860.68. This trade 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 80,791 shares of company stock valued at $6,134,554. Insiders own 50.10% of the company's stock.

Pegasystems Price Performance

PEGA traded down $4.96 during trading on Friday, hitting $63.30. The company's stock had a trading volume of 1,520,271 shares, compared to its average volume of 646,404. Pegasystems Inc. has a twelve month low of $54.55 and a twelve month high of $113.67. The stock has a market cap of $5.44 billion, a PE ratio of 62.67 and a beta of 1.25. The firm's 50 day moving average price is $83.58 and its 200-day moving average price is $85.59.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 EPS 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%. Equities analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current year.

Pegasystems Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.015 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.06 annualized dividend and a dividend yield of 0.09%. Pegasystems's dividend payout ratio is presently 11.88%.

Pegasystems 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.