Alan Trefler Sells 31,500 Shares of Pegasystems Inc. (NASDAQ:PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler sold 31,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,234,295.00. Following the completion of the sale, the chairman now directly owns 17,247,614 shares in the company, valued at $1,223,373,261.02. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alan Trefler also recently made the following trade(s):

• On Tuesday, February 25th, Alan Trefler sold 31,500 shares of Pegasystems stock. The shares were sold at an average price of $77.38, for a total transaction of $2,437,470.00.

Pegasystems Stock Up 5.7 %

NASDAQ:PEGA opened at $71.99 on Friday. The company has a market cap of $6.18 billion, a P/E ratio of 71.28 and a beta of 1.25. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67. The firm’s 50 day moving average is $92.11 and its two-hundred day moving average is $85.35.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data 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%. Research analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PEGA has been the topic of several recent research reports. KeyCorp reaffirmed an “overweight” rating and issued a $118.00 price target on shares of Pegasystems in a report on Tuesday, January 14th. StockNews.com downgraded shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Barclays reduced their price objective on shares of Pegasystems from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Rosenblatt Securities upped their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada upped their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Pegasystems presently has an average rating of “Moderate Buy” and a consensus target price of $99.36.

Institutional Investors Weigh In On Pegasystems

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its position in shares of Pegasystems by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after acquiring an additional 219 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Pegasystems by 110.0% in the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company’s stock worth $1,842,000 after acquiring an additional 13,200 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Pegasystems by 48.0% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the technology company’s stock worth $74,000 after acquiring an additional 256 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Pegasystems in the third quarter worth $9,567,000. Finally, Principal Financial Group Inc. grew its holdings in Pegasystems by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company’s stock valued at $372,000 after purchasing an additional 354 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

About Pegasystems

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.