Pegasystems Inc. (NASDAQ:PEGA – Get Free Report) Chairman Alan Trefler sold 31,500 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $100.83, for a total value of $3,176,145.00. Following the completion of the sale, the chairman now directly owns 17,027,892 shares in the company, valued at $1,716,922,350.36. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alan Trefler also recently made the following trade(s):
- On Tuesday, June 17th, Alan Trefler sold 63,000 shares of Pegasystems stock. The shares were sold at an average price of $50.52, for a total transaction of $3,182,760.00.
- On Tuesday, May 27th, Alan Trefler sold 63,000 shares of Pegasystems stock. The stock was sold at an average price of $48.25, for a total transaction of $3,039,750.00.
- On Wednesday, April 16th, Alan Trefler sold 63,000 shares of Pegasystems stock. The shares were sold at an average price of $34.21, for a total transaction of $2,154,915.00.
Pegasystems Price Performance
Shares of NASDAQ:PEGA opened at $50.57 on Thursday. The business has a fifty day moving average price of $47.50 and a 200-day moving average price of $44.80. The company has a market capitalization of $8.66 billion, a PE ratio of 49.10 and a beta of 1.11. Pegasystems Inc. has a 1-year low of $28.31 and a 1-year high of $56.84.
Pegasystems Increases Dividend
Institutional Trading of Pegasystems
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its stake in shares of Pegasystems by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,597 shares of the technology company’s stock worth $1,826,000 after buying an additional 120 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Pegasystems by 2.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,875 shares of the technology company’s stock valued at $548,000 after acquiring an additional 139 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Pegasystems by 85.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after acquiring an additional 149 shares in the last quarter. Arizona State Retirement System boosted its stake in Pegasystems by 1.2% during the 4th quarter. Arizona State Retirement System now owns 12,394 shares of the technology company’s stock valued at $1,155,000 after purchasing an additional 152 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Pegasystems by 5.3% in the 1st quarter. Amalgamated Bank now owns 3,060 shares of the technology company’s stock worth $213,000 after purchasing an additional 153 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PEGA has been the subject of several research analyst reports. KeyCorp lowered their price objective on shares of Pegasystems from $59.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Wall Street Zen upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Citigroup reduced their price target on Pegasystems to $66.00 and set a “buy” rating on the stock in a research note on Wednesday. JMP Securities increased their price objective on Pegasystems from $55.00 to $62.50 and gave the stock a “market outperform” rating in a report on Tuesday, June 3rd. Finally, Loop Capital restated a “buy” rating and set a $52.50 target price (up previously from $42.50) on shares of Pegasystems in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and an average target price of $53.36.
Check Out Our Latest Report on PEGA
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.
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