Pegasystems Inc. (NASDAQ:PEGA) Shares Purchased by Swiss National Bank

Swiss National Bank grew its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,000 shares of the technology company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned 0.10% of Pegasystems worth $7,829,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEGA. Avantax Advisory Services Inc. raised its stake in Pegasystems by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,586 shares of the technology company’s stock worth $427,000 after acquiring an additional 196 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Pegasystems by 40.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 227,560 shares of the technology company’s stock worth $21,209,000 after purchasing an additional 65,813 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Pegasystems by 85.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after purchasing an additional 149 shares during the last quarter. AGF Management Ltd. acquired a new position in Pegasystems during the 4th quarter valued at approximately $2,563,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pegasystems by 15.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,663 shares of the technology company’s stock worth $1,460,000 after buying an additional 2,108 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.

Pegasystems Stock Up 1.3 %

NASDAQ:PEGA opened at $72.89 on Friday. The business’s 50-day moving average price is $89.85 and its 200 day moving average price is $85.44. Pegasystems Inc. has a 52-week low of $54.55 and a 52-week high of $113.67. The firm has a market cap of $6.26 billion, a P/E ratio of 72.17 and a beta of 1.25.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. Sell-side analysts expect that Pegasystems Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling at Pegasystems

In other news, Chairman Alan Trefler sold 31,500 shares of Pegasystems stock in a transaction that occurred on 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 transaction, the chairman now directly owns 17,308,786 shares of the company’s stock, valued at $1,339,353,860.68. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rifat Kerim Akgonul sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $72.25, for a total transaction of $144,500.00. Following the sale, the insider now owns 56,534 shares in the company, valued at $4,084,581.50. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,543 shares of company stock valued at $6,253,614. Corporate insiders own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PEGA shares. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Citigroup boosted their target price on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Rosenblatt Securities lifted their price target on Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. KeyCorp reiterated an “overweight” rating and set a $118.00 price objective on shares of Pegasystems in a research report on Tuesday, January 14th. Finally, Barclays lowered their target price on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.