Pegasystems Inc. $PEGA Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC decreased its position in Pegasystems Inc. (NASDAQ:PEGA) by 90.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,131 shares of the technology company’s stock after selling 201,446 shares during the quarter. Penn Capital Management Company LLC’s holdings in Pegasystems were worth $1,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Pegasystems by 236.2% in the second quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock valued at $217,584,000 after buying an additional 2,836,733 shares in the last quarter. State Street Corp raised its holdings in shares of Pegasystems by 255.3% in the 2nd quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock valued at $157,393,000 after buying an additional 2,089,375 shares during the period. Bares Capital Management Inc. lifted its stake in Pegasystems by 76.6% during the 2nd quarter. Bares Capital Management Inc. now owns 3,542,716 shares of the technology company’s stock worth $191,767,000 after acquiring an additional 1,536,726 shares in the last quarter. American Century Companies Inc. boosted its holdings in Pegasystems by 357.6% during the 3rd quarter. American Century Companies Inc. now owns 1,586,793 shares of the technology company’s stock valued at $91,241,000 after acquiring an additional 1,239,998 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pegasystems by 101.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,187,558 shares of the technology company’s stock valued at $118,410,000 after acquiring an additional 1,100,733 shares during the period. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the completion of the sale, the chairman directly owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth Stillwell sold 44,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the transaction, the chief financial officer owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. The trade was a 28.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 96,594 shares of company stock worth $4,507,044 in the last 90 days. Corporate insiders own 49.70% of the company’s stock.

Pegasystems Price Performance

PEGA stock opened at $43.06 on Thursday. The business’s 50-day moving average is $46.24 and its two-hundred day moving average is $54.13. The firm has a market capitalization of $7.28 billion, a P/E ratio of 20.17 and a beta of 1.06. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.The business had revenue of $504.32 million during the quarter, compared to the consensus estimate of $494.60 million. During the same period in the previous year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, analysts expect that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, April 1st. Pegasystems’s payout ratio is 5.63%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEGA. Wedbush cut their price target on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Citigroup raised their price objective on shares of Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Zacks Research upgraded shares of Pegasystems from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Finally, KeyCorp set a $60.00 price target on shares of Pegasystems in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.60.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.