Tpg Gp A LLC Has $180.80 Million Stock Holdings in Pegasystems Inc. (NASDAQ:PEGA)

Tpg Gp A LLC reduced its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,939,888 shares of the technology company's stock after selling 388,360 shares during the period. Pegasystems makes up about 2.9% of Tpg Gp A LLC's holdings, making the stock its 6th largest holding. Tpg Gp A LLC owned 2.26% of Pegasystems worth $180,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in Pegasystems by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company's stock valued at $435,000 after buying an additional 219 shares during the period. Global Retirement Partners LLC boosted its stake in Pegasystems by 48.0% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock valued at $74,000 after buying an additional 256 shares during the period. Principal Financial Group Inc. boosted its stake in Pegasystems by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company's stock valued at $372,000 after buying an additional 354 shares during the period. Kestra Investment Management LLC boosted its stake in Pegasystems by 32.8% during the fourth quarter. Kestra Investment Management LLC now owns 16,230 shares of the technology company's stock valued at $1,513,000 after buying an additional 4,011 shares during the period. Finally, Swiss National Bank boosted its stake in Pegasystems by 1.2% during the fourth quarter. Swiss National Bank now owns 84,000 shares of the technology company's stock valued at $7,829,000 after buying an additional 1,000 shares during the period. 46.89% of the stock is owned by institutional investors.

Insider Transactions at Pegasystems

In other news, Chairman Alan Trefler sold 31,500 shares of Pegasystems 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 transaction, the chairman now owns 17,308,786 shares in the company, valued at approximately $1,339,353,860.68. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon Trefler sold 2,049 shares of Pegasystems stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total value of $155,006.85. Following the completion of the transaction, the insider now owns 52,019 shares in the company, valued at approximately $3,935,237.35. This represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,520 shares of company stock worth $9,752,250. Company insiders own 49.70% of the company's stock.

Wall Street Analyst Weigh In

PEGA has been the subject of several research analyst reports. Wedbush reissued an "outperform" rating and set a $125.00 price objective on shares of Pegasystems in a research note on Thursday, April 24th. Barclays restated a "positive" rating on shares of Pegasystems in a research report on Thursday, April 24th. Loop Capital restated a "buy" rating and set a $105.00 price target (up previously from $85.00) on shares of Pegasystems in a research report on Thursday, April 24th. StockNews.com upgraded Pegasystems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, JMP Securities restated a "market outperform" rating and set a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Pegasystems currently has an average rating of "Moderate Buy" and a consensus target price of $100.27.

Pegasystems Trading Up 0.3%

PEGA opened at $98.97 on Monday. The company has a market cap of $8.47 billion, a P/E ratio of 97.99 and a beta of 1.14. The business's 50-day moving average price is $78.28 and its 200-day moving average price is $87.71. Pegasystems Inc. has a 12 month low of $55.71 and a 12 month high of $113.67.

Pegasystems Cuts Dividend

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

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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