Proficio Capital Partners LLC Invests $61,000 in Pegasystems Inc. (NASDAQ:PEGA)

Proficio Capital Partners LLC bought a new stake in Pegasystems Inc. (NASDAQ:PEGA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 61,419 shares of the technology company’s stock, valued at approximately $61,000. Proficio Capital Partners LLC owned approximately 0.07% of Pegasystems as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Principal Securities Inc. raised its position in shares of 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 purchasing an additional 167 shares during the period. True Wealth Design LLC acquired a new position in shares of Pegasystems in the third quarter worth about $27,000. Venturi Wealth Management LLC lifted its holdings 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 purchasing an additional 216 shares in the last quarter. Global Retirement Partners LLC grew its stake in Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after acquiring an additional 256 shares in the last quarter. Finally, KBC Group NV lifted its position in Pegasystems by 28.6% in the 4th quarter. KBC Group NV now owns 1,791 shares of the technology company’s stock worth $167,000 after buying an additional 398 shares in the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Pegasystems Stock Performance

PEGA opened at $68.14 on Friday. Pegasystems Inc. has a 52 week low of $54.55 and a 52 week high of $113.67. The firm has a market capitalization of $5.85 billion, a PE ratio of 67.47 and a beta of 1.25. The company has a fifty day moving average price of $92.56 and a two-hundred day moving average price of $85.22.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data 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 net margin of 6.63% and a return on equity of 32.09%. Equities analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current year.

Insider Transactions at Pegasystems

In other news, CAO Efstathios A. Kouninis sold 299 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $96.90, for a total value of $28,973.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $77.38, for a total value of $2,437,470.00. Following the completion of the sale, the chairman now directly owns 17,308,786 shares in the company, valued at approximately $1,339,353,860.68. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,842 shares of company stock valued at $6,282,587 over the last quarter. Corporate insiders own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

PEGA has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Pegasystems in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Rosenblatt Securities lifted their price target on shares of Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Barclays cut their target price on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $118.00 price objective on shares of Pegasystems in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.