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

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 6,200 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $94.67, for a total value of $586,954.00. Following the transaction, the chief financial officer now owns 18,466 shares in the company, valued at approximately $1,748,176.22. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 transaction of $189,200.00.
• On Friday, October 25th, Kenneth Stillwell sold 5,792 shares of Pegasystems stock. The shares were sold at an average price of $79.15, for a total transaction of $458,436.80.
• On Tuesday, October 1st, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The stock was sold at an average price of $73.17, for a total transaction of $73,170.00.

Pegasystems Stock Down 1.8 %

Shares of PEGA opened at $94.59 on Friday. Pegasystems Inc. has a twelve month low of $44.07 and a twelve month high of $97.94. The stock has a market capitalization of $8.11 billion, a P/E ratio of 69.04 and a beta of 1.09. The company has a 50 day moving average of $84.87 and a 200-day moving average of $71.31.

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

Analyst Ratings Changes

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

Institutional Trading of Pegasystems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in Pegasystems in the third quarter valued at approximately $27,000. Venturi Wealth Management LLC boosted its holdings in shares of 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. bought a new position in shares of Pegasystems in the third quarter valued at $57,000. Capital Performance Advisors LLP acquired a new position in Pegasystems during the third quarter worth $67,000. Finally, Headlands Technologies LLC raised its position in Pegasystems by 29.9% during the second quarter. Headlands Technologies LLC now owns 1,129 shares of the technology company’s stock worth $68,000 after acquiring an additional 260 shares in the last quarter. Institutional investors 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.