3,737 Shares in Pegasystems Inc. (NASDAQ:PEGA) Bought by Captrust Financial Advisors

Captrust Financial Advisors purchased a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,737 shares of the technology company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optimist Retirement Group LLC boosted its stake in Pegasystems by 5.0% during the 2nd quarter. Optimist Retirement Group LLC now owns 3,434 shares of the technology company’s stock valued at $208,000 after purchasing an additional 165 shares during the period. New York State Teachers Retirement System boosted its position in shares of Pegasystems by 5.4% in the third quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company’s stock valued at $300,000 after acquiring an additional 211 shares during the period. Venturi Wealth Management LLC boosted its position in shares of 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 acquiring an additional 216 shares during the period. Headlands Technologies LLC grew its stake in shares of Pegasystems by 29.9% in the second 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. Finally, Arizona State Retirement System increased its position in Pegasystems by 2.3% during the second quarter. Arizona State Retirement System now owns 11,744 shares of the technology company’s stock worth $711,000 after acquiring an additional 262 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEGA has been the topic of several research analyst reports. Rosenblatt Securities raised their price target on shares of Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Citigroup raised 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 boosted their price objective on Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Wedbush raised their target price on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.90.

Insider Activity at Pegasystems

In related news, insider Leon Trefler sold 752 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $72.00, for a total value of $54,144.00. Following the completion of the sale, the insider now owns 38,388 shares of the company’s stock, valued at $2,763,936. This trade represents a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rifat Kerim Akgonul sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $80.07, for a total transaction of $80,070.00. Following the completion of the transaction, the insider now owns 47,119 shares of the company’s stock, valued at $3,772,818.33. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,615 shares of company stock valued at $2,254,715 in the last three months. Corporate insiders own 50.10% of the company’s stock.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA opened at $94.59 on Friday. The company’s fifty day moving average is $84.87 and its 200-day moving average is $71.40. Pegasystems Inc. has a 52 week low of $44.07 and a 52 week 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.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $326.16 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that Pegasystems Inc. will post 1.61 EPS for the current 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.