DekaBank Deutsche Girozentrale Increases Position in Pegasystems Inc. (NASDAQ:PEGA)

DekaBank Deutsche Girozentrale increased its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 75.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,634 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Pegasystems were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEGA. Bares Capital Management Inc. grew its stake in Pegasystems by 1.2% in the 4th quarter. Bares Capital Management Inc. now owns 5,550,701 shares of the technology company’s stock valued at $190,056,000 after purchasing an additional 65,467 shares during the period. Vanguard Group Inc. grew its position in Pegasystems by 6.6% during the third quarter. Vanguard Group Inc. now owns 5,004,116 shares of the technology company’s stock valued at $217,229,000 after buying an additional 310,242 shares during the period. Capital Research Global Investors grew its position in Pegasystems by 119.1% during the first quarter. Capital Research Global Investors now owns 2,142,547 shares of the technology company’s stock valued at $172,796,000 after buying an additional 1,164,581 shares during the period. Federated Hermes Inc. increased its holdings in Pegasystems by 4.9% during the third quarter. Federated Hermes Inc. now owns 808,001 shares of the technology company’s stock worth $35,075,000 after buying an additional 37,880 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Pegasystems by 4.7% in the second quarter. Geode Capital Management LLC now owns 686,532 shares of the technology company’s stock worth $33,846,000 after acquiring an additional 30,879 shares during the period. 46.89% of the stock is owned by hedge funds and other institutional investors.

Pegasystems Price Performance

Shares of NASDAQ:PEGA opened at $58.72 on Wednesday. Pegasystems Inc. has a one year low of $37.66 and a one year high of $69.26. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 82.71 and a beta of 1.06. The company’s fifty day moving average price is $62.03 and its 200-day moving average price is $52.37.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, February 14th. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.64. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. The business had revenue of $474.23 million for the quarter, compared to analysts’ expectations of $428.76 million. On average, equities research analysts anticipate that Pegasystems Inc. will post 1.49 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. Pegasystems’s dividend payout ratio is 16.90%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEGA. TheStreet raised shares of Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. StockNews.com raised Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Barclays lowered their target price on Pegasystems from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday. DA Davidson reiterated a “neutral” rating and set a $60.00 price target on shares of Pegasystems in a research note on Monday, March 4th. Finally, Citigroup lifted their price objective on Pegasystems from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.56.

Insider Buying and Selling

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $63.70, for a total transaction of $127,400.00. Following the transaction, the chief financial officer now directly owns 24,884 shares in the company, valued at $1,585,110.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $63.70, for a total transaction of $127,400.00. Following the completion of the sale, the chief financial officer now directly owns 24,884 shares in the company, valued at $1,585,110.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Leon Trefler sold 1,504 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $63.80, for a total value of $95,955.20. Following the transaction, the insider now directly owns 35,533 shares in the company, valued at $2,267,005.40. The disclosure for this sale can be found here. Insiders sold 43,792 shares of company stock worth $2,781,669 in the last quarter. 50.20% of the stock is owned by insiders.

Pegasystems Company Profile

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.