4,795 Shares in Pegasystems Inc. (NASDAQ:PEGA) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,795 shares of the technology company's stock, valued at approximately $447,000.

Other large investors have also made changes to their positions in the company. Treasurer of the State of North Carolina increased its position in shares of Pegasystems by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company's stock worth $1,826,000 after acquiring an additional 120 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Pegasystems by 85.6% during the 4th 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. Arizona State Retirement System raised its position in shares of Pegasystems by 1.2% in the 4th quarter. Arizona State Retirement System now owns 12,394 shares of the technology company's stock valued at $1,155,000 after purchasing an additional 152 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock valued at $26,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company's stock.

Insiders Place Their Bets

In other Pegasystems news, Chairman Alan Trefler sold 31,500 shares of the business's stock in a transaction dated 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 transaction, the chairman now owns 17,184,614 shares in the company, valued at $1,175,599,443.74. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $69.75, for a total value of $139,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,245 shares in the company, valued at approximately $1,481,838.75. The trade was a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,291 shares of company stock worth $8,289,469 in the last quarter. 50.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup reduced their price objective on shares of Pegasystems from $119.00 to $107.00 and set a "buy" rating on the stock in a research note on Tuesday. Royal Bank of Canada boosted their price objective on Pegasystems from $100.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday. Rosenblatt Securities cut their price objective on Pegasystems from $115.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday. JMP Securities reiterated a "market outperform" rating and issued a $110.00 target price on shares of Pegasystems in a research report on Thursday, February 13th. Finally, DA Davidson increased their price target on Pegasystems from $70.00 to $90.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Pegasystems presently has a consensus rating of "Moderate Buy" and an average price target of $100.27.

Pegasystems Price Performance

NASDAQ PEGA traded up $0.34 on Friday, hitting $91.68. 968,909 shares of the company were exchanged, compared to its average volume of 693,587. Pegasystems Inc. has a twelve month low of $54.55 and a twelve month high of $113.67. The company's 50 day moving average price is $73.15 and its 200-day moving average price is $85.46. The firm has a market capitalization of $7.87 billion, a P/E ratio of 90.52 and a beta of 1.22.

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 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 expect that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.07%. Pegasystems's payout ratio is 11.88%.

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.