Pegasystems Inc. $PEGA Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its stake in Pegasystems by 182.0% in Q2, owning about 0.08% of the company valued at $7.17 million.
• Several analysts have raised their price targets for Pegasystems, with Loop Capital setting a new target of $70.00 and analysts rating the stock an average of "Moderate Buy."
• Insider selling included Chairman Alan Trefler selling 45,000 shares for about $2.62 million, while insiders have sold a total of 132,607 shares worth $7.64 million in the last three months.

Cwm LLC lifted its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 182.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,441 shares of the technology company's stock after purchasing an additional 85,484 shares during the period. Cwm LLC owned about 0.08% of Pegasystems worth $7,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEGA. CX Institutional purchased a new stake in Pegasystems during the 1st quarter worth about $36,000. SBI Securities Co. Ltd. lifted its holdings in Pegasystems by 139.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock worth $38,000 after buying an additional 320 shares during the last quarter. UMB Bank n.a. lifted its holdings in Pegasystems by 159.8% during the 2nd quarter. UMB Bank n.a. now owns 730 shares of the technology company's stock worth $40,000 after buying an additional 449 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Pegasystems by 50.5% during the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock worth $42,000 after buying an additional 201 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Pegasystems during the 1st quarter worth about $57,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital lifted their price target on Pegasystems from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Barclays lifted their price target on Pegasystems from $50.00 to $58.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. Wedbush lifted their price target on Pegasystems from $68.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen downgraded Pegasystems from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Finally, DA Davidson lifted their target price on Pegasystems from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.50.

Insider Transactions at Pegasystems

In related news, Chairman Alan Trefler sold 45,000 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $58.22, for a total value of $2,619,900.00. Following the transaction, the chairman owned 45,024,364 shares in the company, valued at $2,621,318,472.08. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry Weber sold 2,636 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $56.98, for a total value of $150,199.28. Following the completion of the transaction, the director owned 10,632 shares in the company, valued at $605,811.36. This trade represents a 19.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,607 shares of company stock worth $7,644,274 over the last three months. 49.70% of the stock is currently owned by company insiders.

Pegasystems Stock Performance

PEGA opened at $55.24 on Thursday. The business's 50-day simple moving average is $55.41 and its 200-day simple moving average is $50.28. Pegasystems Inc. has a one year low of $29.84 and a one year high of $61.00. The stock has a market capitalization of $9.45 billion, a P/E ratio of 47.42 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. Pegasystems had a return on equity of 42.42% and a net margin of 13.14%.The business had revenue of $384.51 million for the quarter, compared to analysts' expectations of $345.07 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business's revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, October 1st. Pegasystems's payout ratio is 10.34%.

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.

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