Janus Henderson Group PLC Acquires 905 Shares of Pegasystems Inc. (NASDAQ:PEGA)

Janus Henderson Group PLC increased its stake in Pegasystems Inc. (NASDAQ:PEGA) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,210 shares of the technology company’s stock after purchasing an additional 905 shares during the period. Janus Henderson Group PLC’s holdings in Pegasystems were worth $1,623,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new position in Pegasystems in the 3rd quarter worth about $27,000. Venturi Wealth Management LLC lifted its stake in Pegasystems by 49.1% in the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after buying an additional 216 shares during the period. Financial Management Professionals Inc. acquired a new stake in Pegasystems in the third quarter worth $57,000. Capital Performance Advisors LLP bought a new position in Pegasystems in the third quarter worth approximately $67,000. Finally, Headlands Technologies LLC raised its holdings in shares of Pegasystems by 29.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock worth $68,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Insiders Place Their Bets

In other Pegasystems news, CAO Efstathios A. Kouninis sold 528 shares of Pegasystems stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $83.00, for a total transaction of $43,824.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Leon Trefler sold 8,288 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $81.23, for a total transaction of $673,234.24. Following the completion of the transaction, the insider now directly owns 37,636 shares in the company, valued at $3,057,172.28. This trade represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,615 shares of company stock worth $2,254,715. Company insiders own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup boosted their price objective on Pegasystems from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Barclays raised their price target on shares of Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities increased their price objective on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Wedbush upped their price target on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.90.

Pegasystems Stock Performance

Shares of Pegasystems stock opened at $94.59 on Friday. Pegasystems Inc. has a one year low of $44.07 and a one year high of $97.94. The company has a market capitalization of $8.11 billion, a PE ratio of 69.04 and a beta of 1.09. The company has a 50-day simple moving average of $84.87 and a two-hundred day simple moving average of $71.31.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Pegasystems had a net margin of 8.29% and a return on equity of 37.83%. The firm had revenue of $325.10 million for the quarter, compared to analyst estimates of $326.16 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Pegasystems Inc. will post 1.61 earnings per share for the current fiscal year.

Pegasystems 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.