Ieq Capital LLC Has $4.02 Million Position in Pegasystems Inc. (NASDAQ:PEGA)

Ieq Capital LLC grew its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 82.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,141 shares of the technology company’s stock after acquiring an additional 19,551 shares during the period. Ieq Capital LLC’s holdings in Pegasystems were worth $4,021,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. grew its holdings in Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after acquiring an additional 167 shares during the period. True Wealth Design LLC acquired a new stake in Pegasystems during the 3rd quarter worth about $27,000. Venturi Wealth Management LLC grew its holdings in Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after acquiring an additional 216 shares during the period. Financial Management Professionals Inc. acquired a new stake in Pegasystems during the 3rd quarter worth about $57,000. Finally, Global Retirement Partners LLC grew its stake in shares of Pegasystems by 48.0% in the 4th 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. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pegasystems

In other news, CFO Kenneth Stillwell sold 6,200 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $94.67, for a total transaction of $586,954.00. Following the completion of the transaction, the chief financial officer now directly owns 18,466 shares in the company, valued at $1,748,176.22. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon Trefler sold 752 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $94.60, for a total transaction of $71,139.20. Following the transaction, the insider now owns 36,884 shares of the company’s stock, valued at $3,489,226.40. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,745 shares of company stock worth $2,001,989. Corporate insiders own 50.10% of the company’s stock.

Pegasystems Stock Down 4.4 %

Pegasystems stock opened at $77.89 on Friday. Pegasystems Inc. has a 52 week low of $54.55 and a 52 week high of $113.67. The company’s 50 day moving average price is $98.16 and its two-hundred day moving average price is $84.30. The stock has a market cap of $6.69 billion, a P/E ratio of 77.12 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. On average, equities analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.15%. Pegasystems’s dividend payout ratio is 11.88%.

Analysts Set New Price Targets

Several analysts have recently commented on PEGA shares. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Wedbush raised their target price on Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Rosenblatt Securities raised their target price on Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada raised their target price on Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and an average price target of $99.36.

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.