Envestnet Asset Management Inc. Buys 36,094 Shares of Pegasystems Inc. $PEGA

Envestnet Asset Management Inc. increased its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,718 shares of the technology company’s stock after purchasing an additional 36,094 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Pegasystems were worth $11,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in Pegasystems by 23.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock worth $286,769,000 after buying an additional 937,216 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Pegasystems by 236.2% during 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 acquiring an additional 2,836,733 shares during the period. Bares Capital Management Inc. boosted its holdings in Pegasystems by 76.6% in the second quarter. Bares Capital Management Inc. now owns 3,542,716 shares of the technology company’s stock valued at $191,767,000 after acquiring an additional 1,536,726 shares during the last quarter. State Street Corp increased its position in Pegasystems by 255.3% in the second quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after purchasing an additional 2,089,375 shares during the period. Finally, Invesco Ltd. raised its holdings in Pegasystems by 34.0% during the 2nd quarter. Invesco Ltd. now owns 2,444,661 shares of the technology company’s stock worth $132,329,000 after purchasing an additional 620,878 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total value of $2,205,900.00. Following the completion of the transaction, the chairman directly owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rifat Kerim Akgonul sold 4,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $60.19, for a total value of $240,760.00. Following the transaction, the insider owned 112,845 shares of the company’s stock, valued at approximately $6,792,140.55. This trade represents a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 108,405 shares of company stock worth $5,896,127 over the last ninety days. Company insiders own 50.10% of the company’s stock.

Pegasystems Price Performance

Shares of Pegasystems stock opened at $44.50 on Wednesday. The company has a market capitalization of $7.52 billion, a P/E ratio of 20.84 and a beta of 1.07. The business has a 50-day moving average of $52.97 and a two-hundred day moving average of $55.44. Pegasystems Inc. has a 1 year low of $29.84 and a 1 year high of $68.10.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $494.60 million. During the same quarter in the previous year, the business posted $0.80 EPS. Pegasystems’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, equities analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio is currently 5.63%.

Analyst Ratings Changes

PEGA has been the topic of several recent research reports. KeyCorp set a $60.00 target price on shares of Pegasystems in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. DA Davidson upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating and upped their target price for the company from $60.00 to $85.00 in a research report on Wednesday, October 22nd. Wall Street Zen downgraded Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Finally, Wedbush decreased their price objective on Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.40.

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.