Kenneth Stillwell Sells 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $105.63, for a total transaction of $211,260.00. Following the completion of the sale, the chief financial officer now owns 14,466 shares in the company, valued at approximately $1,528,043.58. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kenneth Stillwell also recently made the following trade(s):

• On Thursday, January 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00.
• On Tuesday, December 10th, Kenneth Stillwell sold 6,200 shares of Pegasystems stock. The stock was sold at an average price of $94.67, for a total value of $586,954.00.
• On Monday, December 2nd, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $94.60, for a total value of $189,200.00.

Pegasystems Price Performance

Shares of PEGA opened at $105.27 on Friday. The company has a 50-day moving average of $98.54 and a two-hundred day moving average of $82.30. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 76.84 and a beta of 1.11. Pegasystems Inc. has a one year low of $47.82 and a one year high of $113.67.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, January 2nd. Pegasystems’s payout ratio is 8.76%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Rosenblatt Securities increased their price target on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their target price on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. StockNews.com upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Barclays increased their price objective on shares of Pegasystems from $82.00 to $103.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Wedbush boosted their target price on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.82.

Institutional Trading of Pegasystems

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Pegasystems in the fourth quarter worth $27,623,000. Fisher Asset Management LLC lifted its stake in Pegasystems by 31.7% in the 4th quarter. Fisher Asset Management LLC now owns 637,999 shares of the technology company’s stock worth $59,462,000 after acquiring an additional 153,703 shares in the last quarter. Foundry Partners LLC acquired a new stake in Pegasystems during the 3rd quarter worth about $9,567,000. Eagle Asset Management Inc. grew its stake in Pegasystems by 440.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 147,350 shares of the technology company’s stock valued at $10,770,000 after acquiring an additional 120,090 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Pegasystems by 34.2% in the 4th quarter. Allianz Asset Management GmbH now owns 468,393 shares of the technology company’s stock valued at $43,654,000 after purchasing an additional 119,439 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

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.