Renaissance Group LLC Takes $32.27 Million Position in Pegasystems Inc. $PEGA

Renaissance Group LLC purchased a new stake in Pegasystems Inc. (NASDAQ:PEGA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 540,430 shares of the technology company’s stock, valued at approximately $32,274,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Pegasystems during the 3rd quarter worth approximately $10,940,000. Fisher Asset Management LLC lifted its holdings in Pegasystems by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,170,377 shares of the technology company’s stock valued at $69,895,000 after acquiring an additional 33,643 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Pegasystems by 259.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 411,262 shares of the technology company’s stock worth $26,144,000 after acquiring an additional 296,916 shares during the period. Illinois Municipal Retirement Fund grew its position in Pegasystems by 56.1% in the third quarter. Illinois Municipal Retirement Fund now owns 79,619 shares of the technology company’s stock worth $4,578,000 after acquiring an additional 28,629 shares during the period. Finally, Robinhood Asset Management LLC acquired a new stake in Pegasystems during the fourth quarter worth $5,073,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Insider Activity

In other Pegasystems news, insider Rifat Kerim Akgonul sold 4,545 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $33.35, for a total value of $151,575.75. Following the sale, the insider owned 107,070 shares of the company’s stock, valued at $3,570,784.50. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Efstathios A. Kouninis sold 750 shares of Pegasystems stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $36.99, for a total value of $27,742.50. Following the completion of the transaction, the chief accounting officer owned 2,144 shares of the company’s stock, valued at $79,306.56. The trade was a 25.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,639 shares of company stock worth $577,764. 48.40% of the stock is owned by company insiders.

Trending Headlines about Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Several Wall Street firms reaffirmed bullish views on Pegasystems, including DA Davidson, Citizens JMP, and Rosenblatt, with price targets of $55 to $58, signaling substantial upside from current levels.
• Positive Sentiment: New coverage highlighted Pegasystems’ AI product launches at PegaWorld and its new agentic AI suite, which could strengthen its competitive position in enterprise automation.
• Positive Sentiment: The AWS alliance targeting legacy code conversion and business transformation may broaden Pega’s reach and support future demand for its platform. Pegasystems-AWS Alliance Targets Legacy Code Conversion, Business Transformation
• Neutral Sentiment: Coverage from PegaWorld 2026 and related transcript articles suggests management is emphasizing its long-term AI roadmap, but these items are mainly informational and do not add immediate financial results.
• Neutral Sentiment: Short-interest data was reported as effectively unchanged/invalid, offering little clear signal for the stock.
• Negative Sentiment: The stock remains under pressure following a recent earnings miss and revenue decline, which likely continues to weigh on investor confidence despite the positive AI narrative.
• Negative Sentiment: Discussion around valuation implies investors are still debating whether the recent AI product momentum is enough to justify a higher multiple after the stock’s sharp pullback.

Pegasystems Stock Down 3.7%

Pegasystems stock opened at $32.91 on Thursday. Pegasystems Inc. has a 52-week low of $32.00 and a 52-week high of $68.10. The firm has a market cap of $5.50 billion, a PE ratio of 17.69 and a beta of 0.86. The company’s 50 day moving average is $37.29 and its two-hundred day moving average is $45.87.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, April 21st. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.22). The business had revenue of $429.97 million during the quarter, compared to analyst estimates of $473.24 million. Pegasystems had a return on equity of 30.05% and a net margin of 20.04%.The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, equities research analysts anticipate that Pegasystems Inc. will post 1.93 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.12 annualized dividend and a yield of 0.4%. Pegasystems’s dividend payout ratio is 6.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings lowered Pegasystems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of Pegasystems in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of Pegasystems in a report on Tuesday. Wall Street Zen cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pegasystems has a consensus rating of “Moderate Buy” and an average target price of $63.30.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.