Deutsche Bank AG raised its stake in Pegasystems (NASDAQ:PEGA) by 86.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,315 shares of the technology company’s stock after purchasing an additional 102,861 shares during the period. Deutsche Bank AG owned 0.28% of Pegasystems worth $10,433,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. TimesSquare Capital Management LLC grew its position in shares of Pegasystems by 12.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 882,300 shares of the technology company’s stock worth $41,600,000 after acquiring an additional 98,300 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Pegasystems by 99.2% during the fourth quarter. Renaissance Technologies LLC now owns 159,524 shares of the technology company’s stock worth $7,522,000 after acquiring an additional 79,441 shares during the last quarter. Ranger Investment Management L.P. grew its position in shares of Pegasystems by 26.9% during the fourth quarter. Ranger Investment Management L.P. now owns 965,692 shares of the technology company’s stock worth $45,532,000 after acquiring an additional 204,711 shares during the last quarter. Koch Industries Inc. grew its position in shares of Pegasystems by 27.1% during the fourth quarter. Koch Industries Inc. now owns 11,681 shares of the technology company’s stock worth $551,000 after acquiring an additional 2,491 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Pegasystems by 5.3% during the fourth quarter. Alliancebernstein L.P. now owns 131,280 shares of the technology company’s stock worth $6,190,000 after acquiring an additional 6,610 shares during the last quarter. Institutional investors own 47.73% of the company’s stock.
In related news, VP Efstathios A. Kouninis sold 912 shares of Pegasystems stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $59.37, for a total value of $54,145.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael R. Pyle sold 4,000 shares of Pegasystems stock in a transaction on Friday, January 5th. The shares were sold at an average price of $47.61, for a total transaction of $190,440.00. Following the completion of the transaction, the vice president now owns 46,524 shares in the company, valued at $2,215,007.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,329 shares of company stock worth $1,526,648. 53.61% of the stock is currently owned by insiders.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Pegasystems had a net margin of 3.92% and a return on equity of 9.68%. The firm had revenue of $239.54 million for the quarter, compared to analyst estimates of $208.48 million. During the same period last year, the firm posted $0.20 EPS. Pegasystems’s quarterly revenue was up 20.0% on a year-over-year basis. equities analysts anticipate that Pegasystems will post 0.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. Pegasystems’s dividend payout ratio (DPR) is 54.55%.
A number of brokerages have recently issued reports on PEGA. BidaskClub upgraded shares of Pegasystems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Wedbush restated an “outperform” rating and set a $61.85 target price (down from $73.00) on shares of Pegasystems in a research report on Friday, March 16th. UBS restated an “overweight” rating and set a $65.00 target price on shares of Pegasystems in a research report on Tuesday, February 27th. Finally, TheStreet upgraded shares of Pegasystems from a “c+” rating to a “b” rating in a research report on Wednesday, March 28th. Seven research analysts have rated the stock with a buy rating, Pegasystems has an average rating of “Buy” and a consensus target price of $63.81.
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Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients to build and extend their own applications.
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