Dynamic Technology Lab Private Ltd trimmed its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 72.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,506 shares of the technology company’s stock after selling 11,753 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Pegasystems were worth $259,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEGA. AQR Capital Management LLC increased its holdings in Pegasystems by 44.1% in the 1st quarter. AQR Capital Management LLC now owns 22,620 shares of the technology company’s stock worth $992,000 after buying an additional 6,926 shares in the last quarter. Bank of Montreal Can increased its holdings in Pegasystems by 1.3% in the 2nd quarter. Bank of Montreal Can now owns 4,785 shares of the technology company’s stock worth $280,000 after buying an additional 62 shares in the last quarter. Aperio Group LLC increased its holdings in Pegasystems by 178.4% in the 2nd quarter. Aperio Group LLC now owns 21,332 shares of the technology company’s stock worth $1,245,000 after buying an additional 13,669 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Pegasystems in the 2nd quarter worth about $782,000. Finally, Daiwa Securities Group Inc. bought a new stake in Pegasystems in the 2nd quarter worth about $105,000. Institutional investors own 46.90% of the company’s stock.
In other news, SVP Douglas I. Kra sold 1,164 shares of Pegasystems stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $49.90, for a total transaction of $58,083.60. Following the transaction, the senior vice president now directly owns 25,664 shares of the company’s stock, valued at approximately $1,280,633.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Efstathios A. Kouninis sold 448 shares of Pegasystems stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $56.51, for a total value of $25,316.48. Following the transaction, the vice president now directly owns 585 shares in the company, valued at $33,058.35. The disclosure for this sale can be found here. Insiders sold 10,378 shares of company stock worth $583,344 over the last three months. Insiders own 53.61% of the company’s stock.
Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $179.80 million for the quarter, compared to analysts’ expectations of $200.15 million. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. analysts anticipate that Pegasystems Inc. will post 0.26 EPS for the current fiscal year.
Several research analysts have issued reports on PEGA shares. Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. Finally, Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the stock a “buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $63.00.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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