Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis Sells 250 Shares

Pegasystems Inc. (NASDAQ:PEGA – Get Rating) CAO Efstathios A. Kouninis sold 250 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $45.00, for a total transaction of $11,250.00. Following the completion of the sale, the chief accounting officer now directly owns 1,860 shares of the company’s stock, valued at approximately $83,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Pegasystems Trading Down 1.8 %

Shares of PEGA opened at $44.14 on Monday. Pegasystems Inc. has a 1 year low of $29.05 and a 1 year high of $55.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.64. The stock has a 50-day simple moving average of $45.45 and a 200-day simple moving average of $40.87.

Pegasystems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Monday, April 3rd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, March 31st. Pegasystems’s dividend payout ratio is presently -2.68%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com assumed coverage on Pegasystems in a research report on Thursday. They issued a “hold” rating for the company. Credit Suisse Group boosted their price objective on shares of Pegasystems from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, February 16th. Loop Capital increased their target price on shares of Pegasystems from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, February 16th. Rosenblatt Securities began coverage on shares of Pegasystems in a research note on Monday, May 8th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Citigroup increased their price objective on shares of Pegasystems from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PEGA. Jacobs Levy Equity Management Inc. boosted its holdings in Pegasystems by 1,291.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 687,633 shares of the technology company’s stock valued at $22,101,000 after purchasing an additional 638,222 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Pegasystems by 63.7% in the third quarter. Federated Hermes Inc. now owns 699,319 shares of the technology company’s stock valued at $22,476,000 after buying an additional 272,035 shares during the last quarter. Bares Capital Management Inc. boosted its stake in shares of Pegasystems by 3.8% during the third quarter. Bares Capital Management Inc. now owns 5,485,234 shares of the technology company’s stock worth $176,295,000 after buying an additional 201,420 shares during the period. Cadian Capital Management LP grew its holdings in shares of Pegasystems by 530.9% during the third quarter. Cadian Capital Management LP now owns 1,247,500 shares of the technology company’s stock worth $40,095,000 after buying an additional 1,049,770 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new position in Pegasystems in the 3rd quarter valued at about $740,000. 48.22% of the stock is owned by institutional investors and hedge funds.

Pegasystems Company Profile

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Pegasystems, Inc engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. Its product Pega Infinity helps connect enterprises to their customers in real-time across channels, streamline business operations, and adapt to meet changing requirements.