Voleon Capital Management LP Makes New $506,000 Investment in Pegasystems Inc. (NASDAQ:PEGA)

Voleon Capital Management LP acquired a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,424 shares of the technology company's stock, valued at approximately $506,000.

A number of other institutional investors also recently modified their holdings of PEGA. Invesco Ltd. lifted its holdings in Pegasystems by 189.0% in the 4th quarter. Invesco Ltd. now owns 2,364,242 shares of the technology company's stock worth $220,347,000 after buying an additional 1,546,281 shares during the period. Dimensional Fund Advisors LP increased its position in Pegasystems by 23.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 860,361 shares of the technology company's stock valued at $80,188,000 after purchasing an additional 164,986 shares during the period. Geode Capital Management LLC raised its holdings in Pegasystems by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 825,762 shares of the technology company's stock worth $76,983,000 after purchasing an additional 6,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Pegasystems by 0.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 807,671 shares of the technology company's stock worth $75,275,000 after purchasing an additional 4,989 shares during the period. Finally, Shannon River Fund Management LLC boosted its stake in shares of Pegasystems by 1.3% during the 4th quarter. Shannon River Fund Management LLC now owns 798,356 shares of the technology company's stock valued at $74,407,000 after purchasing an additional 9,989 shares in the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Pegasystems Stock Up 0.6 %

PEGA stock traded up $0.58 during midday trading on Monday, hitting $92.74. The company's stock had a trading volume of 625,815 shares, compared to its average volume of 694,383. Pegasystems Inc. has a 12 month low of $55.71 and a 12 month high of $113.67. The company has a 50 day moving average of $74.43 and a two-hundred day moving average of $86.41. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 91.82 and a beta of 1.22.

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 the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. On average, analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.015 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.06%. Pegasystems's payout ratio is currently 5.83%.

Analyst Ratings Changes

Several brokerages have commented on PEGA. StockNews.com upgraded shares of Pegasystems from a "hold" rating to a "buy" rating in a report on Friday, April 25th. DA Davidson raised their target price on Pegasystems from $70.00 to $90.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Citigroup reduced their price target on Pegasystems from $119.00 to $107.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada raised their price objective on Pegasystems from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, KeyCorp lowered their price target on shares of Pegasystems from $118.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.27.

Insider Activity at Pegasystems

In other news, CAO Efstathios A. Kouninis sold 500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $93.50, for a total value of $46,750.00. Following the sale, the chief accounting officer now owns 500 shares in the company, valued at $46,750. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 7,742 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $84.72, for a total transaction of $655,902.24. Following the completion of the transaction, the chief financial officer now owns 14,466 shares of the company's stock, valued at approximately $1,225,559.52. This trade represents a 34.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,262 shares of company stock valued at $10,408,152. Insiders own 50.10% of the company's stock.

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.