Duality Advisers LP Sells 1,544 Shares of Pegasystems Inc. (NASDAQ:PEGA)

Duality Advisers LP lessened its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,327 shares of the technology company’s stock after selling 1,544 shares during the quarter. Duality Advisers LP’s holdings in Pegasystems were worth $651,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Handelsbanken Fonder AB increased its stake in Pegasystems by 45.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,944 shares of the technology company’s stock valued at $437,000 after purchasing an additional 2,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pegasystems by 40.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,002 shares of the technology company’s stock valued at $635,000 after purchasing an additional 3,751 shares in the last quarter. Cornercap Investment Counsel Inc. increased its stake in Pegasystems by 7.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 21,820 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 1,572 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Pegasystems by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock valued at $46,227,000 after purchasing an additional 31,925 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Pegasystems by 75.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 4,634 shares of the technology company’s stock valued at $226,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Insider Activity

In other news, insider Leon Trefler sold 1,504 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $63.80, for a total value of $95,955.20. Following the completion of the transaction, the insider now owns 35,533 shares of the company’s stock, valued at $2,267,005.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Kenneth Stillwell sold 20,606 shares of Pegasystems stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $63.17, for a total value of $1,301,681.02. Following the completion of the transaction, the chief financial officer now owns 24,535 shares in the company, valued at $1,549,875.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon Trefler sold 1,504 shares of Pegasystems stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $63.80, for a total transaction of $95,955.20. Following the completion of the transaction, the insider now owns 35,533 shares of the company’s stock, valued at approximately $2,267,005.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,792 shares of company stock valued at $2,781,669. 50.20% of the stock is currently owned by company insiders.

Pegasystems Trading Down 0.7 %

Shares of PEGA stock opened at $58.88 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $4.94 billion, a PE ratio of 82.93 and a beta of 1.06. The company has a 50-day moving average of $63.09 and a two-hundred day moving average of $52.94. Pegasystems Inc. has a 1-year low of $37.66 and a 1-year high of $69.26.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.64. The company had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. Pegasystems had a net margin of 4.73% and a return on equity of 39.30%. On average, analysts predict that Pegasystems Inc. will post 1.49 EPS for the current year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Thursday, March 28th. Pegasystems’s payout ratio is 16.90%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEGA. DA Davidson restated a “neutral” rating and set a $60.00 price target on shares of Pegasystems in a research note on Monday, March 4th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Pegasystems in a report on Wednesday, April 10th. The Goldman Sachs Group upped their price objective on shares of Pegasystems from $50.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Barclays dropped their price objective on shares of Pegasystems from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

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.