Freestone Grove Partners LP Acquires Shares of 209,089 Pegasystems Inc. $PEGA

Freestone Grove Partners LP bought a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the second quarter, HoldingsChannel reports. The firm bought 209,089 shares of the technology company’s stock, valued at approximately $6,266,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Pegasystems during the second quarter worth $286,923,000. AQR Capital Management LLC increased its stake in Pegasystems by 236.2% during the second quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock valued at $217,584,000 after purchasing an additional 2,836,733 shares during the last quarter. Invesco Ltd. increased its stake in Pegasystems by 14.8% during the fourth quarter. Invesco Ltd. now owns 3,127,771 shares of the technology company’s stock valued at $186,790,000 after purchasing an additional 402,763 shares during the last quarter. State Street Corp raised its holdings in shares of Pegasystems by 255.3% during the second quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after purchasing an additional 2,089,375 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Pegasystems by 28.3% in the 4th quarter. Wellington Management Group LLP now owns 2,721,958 shares of the technology company’s stock worth $162,555,000 after buying an additional 599,790 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEGA has been the subject of a number of recent research reports. KeyCorp downgraded shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 22nd. Loop Capital lowered Pegasystems from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $25.00 in a report on Thursday, July 23rd. Weiss Ratings lowered Pegasystems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. William Blair cut Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Citigroup downgraded Pegasystems from a “market outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.10.

Pegasystems Stock Up 0.8%

PEGA stock opened at $36.17 on Friday. Pegasystems Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $68.10. The firm’s 50-day simple moving average is $31.46 and its 200 day simple moving average is $36.53. The stock has a market cap of $5.95 billion, a PE ratio of 20.44 and a beta of 0.87.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $420.72 million during the quarter, compared to the consensus estimate of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities analysts forecast that Pegasystems Inc. will post 1.71 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, July 1st. Pegasystems’s payout ratio is 6.78%.

Insider Buying and Selling

In other news, CAO Efstathios A. Kouninis sold 750 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $36.99, for a total transaction of $27,742.50. Following the completion of the transaction, the chief accounting officer directly owned 2,144 shares in the company, valued at approximately $79,306.56. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rifat Kerim Akgonul sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $33.99, for a total value of $101,970.00. Following the completion of the transaction, the insider directly owned 108,049 shares of the company’s stock, valued at $3,672,585.51. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,500 shares of company stock worth $153,945. Corporate insiders own 48.40% of the company’s stock.

Pegasystems News Summary

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Expanded Coforge partnership: Coforge can now brand, sell and implement Pegasystems’ AI solutions, including industry-focused applications for enterprise modernization. The arrangement could broaden Pega’s distribution, accelerate adoption of its automation platform and create additional long-term revenue opportunities. Coforge expands partnership with Pega
• Positive Sentiment: AI positioning is attracting buyers: Coverage highlights Pegasystems as a potential beneficiary of enterprises becoming more selective about AI deployment. Pega’s workflow automation, low-code development and governance capabilities may appeal to companies seeking practical, controlled enterprise AI rather than experimental tools. The stock also benefited from a broader software-sector rally following Salesforce’s strong results, particularly among beaten-down agentic-AI names. Could Pegasystems Stock Win as Enterprises Rethink AI Deployment?
• Neutral Sentiment: Insider transaction was limited: Chief Product Officer Rifat Kerim Akgonul sold 3,000 shares for approximately $101,970, reducing his holdings by about 2.7%. The sale may prompt caution, but he continues to own more than 108,000 shares, limiting the significance of the transaction by itself. Pegasystems Insider Sells Stock
• Negative Sentiment: Analyst downgrade and legal investigation: Zacks Research downgraded PEGA from “hold” to “strong sell.” Separately, Pomerantz LLP announced an investigation into potential claims on behalf of investors, creating a possible legal overhang and additional volatility. Pomerantz Investor Alert

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.