Pegasystems Inc. (PEGA) Position Increased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA lifted its position in Pegasystems Inc. (NASDAQ:PEGA) by 551.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,050 shares of the technology company’s stock after buying an additional 4,275 shares during the period. BNP Paribas Arbitrage SA’s holdings in Pegasystems were worth $295,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEGA. BlackRock Inc. increased its position in shares of Pegasystems by 68,220.8% in the 1st quarter. BlackRock Inc. now owns 2,292,845 shares of the technology company’s stock valued at $100,541,000 after buying an additional 2,289,489 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Pegasystems in the 2nd quarter valued at $33,130,000. TPG Group Holdings SBS Advisors Inc. increased its position in shares of Pegasystems by 15.3% in the 1st quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,781,723 shares of the technology company’s stock valued at $78,129,000 after buying an additional 237,092 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Pegasystems in the 1st quarter valued at $9,866,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Pegasystems by 21.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 952,900 shares of the technology company’s stock valued at $41,785,000 after buying an additional 167,100 shares in the last quarter. Institutional investors and hedge funds own 44.47% of the company’s stock.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. BidaskClub cut Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. JMP Securities reiterated an “outperform” rating and set a $63.00 target price (up previously from $55.00) on shares of Pegasystems in a report on Wednesday, June 7th. Benchmark Co. reiterated a “buy” rating and set a $67.00 target price (up previously from $60.00) on shares of Pegasystems in a report on Tuesday, June 6th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 target price (down previously from $67.00) on shares of Pegasystems in a report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.00.
In other Pegasystems news, Director Richard H. Jones sold 14,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $57.90, for a total value of $810,600.00. Following the completion of the sale, the director now directly owns 537,292 shares of the company’s stock, valued at approximately $31,109,206.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Efstathios A. Kouninis sold 448 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $56.51, for a total transaction of $25,316.48. Following the completion of the sale, the vice president now directly owns 585 shares of the company’s stock, valued at $33,058.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,728 shares of company stock valued at $2,665,077. 53.61% of the stock is currently owned by insiders.
Pegasystems Inc. (NASDAQ:PEGA) opened at 57.50 on Wednesday. The company has a market cap of $4.46 billion, a PE ratio of 92.00 and a beta of 1.50. The stock has a 50 day moving average price of $56.45 and a 200 day moving average price of $53.42. Pegasystems Inc. has a one year low of $27.20 and a one year high of $64.85.
Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $197.98 million for the quarter, compared to the consensus estimate of $205.06 million. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, equities analysts anticipate that Pegasystems Inc. will post $0.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Friday, September 29th. Pegasystems’s payout ratio is presently 19.67%.
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.
Want to see what other hedge funds are holding PEGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pegasystems Inc. (NASDAQ:PEGA).
Receive News & Ratings for Pegasystems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.