Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell Sells 6,200 Shares

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 6,200 shares of Pegasystems stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $94.67, for a total transaction of $586,954.00. Following the completion of the transaction, the chief financial officer now directly owns 18,466 shares in the company, valued at $1,748,176.22. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The stock was sold at an average price of $79.15, for a total value of $458,436.80.
• On Tuesday, October 1st, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The shares were sold at an average price of $73.17, for a total value of $73,170.00.

Pegasystems Price Performance

PEGA stock opened at $96.28 on Friday. The company’s 50 day simple moving average is $84.42 and its 200-day simple moving average is $71.07. Pegasystems Inc. has a 12 month low of $44.07 and a 12 month high of $97.94. The firm has a market capitalization of $8.26 billion, a PE ratio of 70.28 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $325.10 million during the quarter, compared to analysts’ expectations of $326.16 million. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, sell-side analysts anticipate that Pegasystems Inc. will post 1.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on PEGA shares. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Citigroup raised their price objective on shares of Pegasystems from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays boosted their target price on Pegasystems from $74.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Rosenblatt Securities raised their price target on Pegasystems from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wedbush upped their price objective on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.90.

Institutional Trading of Pegasystems

Hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in shares of Pegasystems during the 3rd quarter worth about $27,000. Venturi Wealth Management LLC boosted its position in Pegasystems by 49.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock valued at $48,000 after buying an additional 216 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Pegasystems during the 3rd quarter valued at approximately $57,000. Capital Performance Advisors LLP bought a new position in Pegasystems during the 3rd quarter worth approximately $67,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Pegasystems by 29.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock valued at $68,000 after buying an additional 260 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.