Tudor Investment Corp ET AL Has $2.22 Million Position in Pegasystems Inc. (NASDAQ:PEGA)

Tudor Investment Corp ET AL trimmed its position in Pegasystems Inc. (NASDAQ:PEGA) by 86.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,781 shares of the technology company’s stock after selling 153,169 shares during the period. Tudor Investment Corp ET AL’s holdings in Pegasystems were worth $2,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PEGA. Principal Securities Inc. increased its stake in Pegasystems by 150.5% in the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Pegasystems by 85.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock valued at $30,000 after buying an additional 149 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Pegasystems in the 4th quarter valued at $61,000. Global Retirement Partners LLC raised its stake in Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after buying an additional 256 shares during the period. Finally, Covestor Ltd lifted its holdings in Pegasystems by 75.0% during the fourth quarter. Covestor Ltd now owns 1,493 shares of the technology company’s stock worth $140,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Insider Buying and Selling

In related news, insider Leon Trefler sold 2,049 shares of Pegasystems stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $75.65, for a total transaction of $155,006.85. Following the completion of the transaction, the insider now owns 52,019 shares in the company, valued at approximately $3,935,237.35. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Alan Trefler sold 31,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $68.41, for a total value of $2,154,915.00. Following the completion of the sale, the chairman now owns 17,184,614 shares in the company, valued at $1,175,599,443.74. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,762 shares of company stock worth $10,386,802. Insiders own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PEGA shares. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Rosenblatt Securities cut their price target on shares of Pegasystems from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. DA Davidson increased their price objective on shares of Pegasystems from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Finally, Barclays reaffirmed a “positive” rating on shares of Pegasystems in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $100.27.

Pegasystems Trading Up 0.1 %

Shares of PEGA stock opened at $92.16 on Friday. The firm’s fifty day moving average price is $74.43 and its two-hundred day moving average price is $86.32. Pegasystems Inc. has a 1 year low of $55.71 and a 1 year high of $113.67. The firm has a market capitalization of $7.89 billion, a P/E ratio of 91.25 and a beta of 1.22.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. As a group, equities research analysts forecast that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.015 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.06 annualized dividend and a dividend yield of 0.07%. Pegasystems’s dividend payout ratio is presently 5.83%.

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.