SG Americas Securities LLC purchased a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,302 shares of the technology company’s stock, valued at approximately $479,000.

A number of other institutional investors have also bought and sold shares of PEGA. Daiwa Securities Group Inc. bought a new position in Pegasystems during the second quarter worth about $105,000. Sei Investments Co. grew its holdings in Pegasystems by 4,892.9% during the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock worth $122,000 after purchasing an additional 2,055 shares during the period. Citigroup Inc. grew its holdings in Pegasystems by 666.5% during the second quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock worth $240,000 after purchasing an additional 3,579 shares during the period. Prudential Financial Inc. bought a new position in Pegasystems during the second quarter worth about $274,000. Finally, Amalgamated Bank bought a new position in Pegasystems during the second quarter worth about $274,000. Institutional investors and hedge funds own 46.90% of the company’s stock.

Shares of Pegasystems Inc. (PEGA) opened at $49.75 on Tuesday. The stock has a market cap of $3,865.75, a P/E ratio of 115.46 and a beta of 1.24. Pegasystems Inc. has a 1 year low of $34.05 and a 1 year high of $64.85.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $179.80 million during the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. equities research analysts forecast that Pegasystems Inc. will post 0.26 EPS for the current fiscal year.

In other Pegasystems news, CAO Efstathios A. Kouninis sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $49.73, for a total transaction of $36,203.44. Following the completion of the sale, the chief accounting officer now directly owns 1,012 shares in the company, valued at $50,326.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth Stillwell sold 1,228 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $57.97, for a total transaction of $71,187.16. The disclosure for this sale can be found here. Insiders have sold 14,658 shares of company stock valued at $790,471 over the last 90 days. Company insiders own 53.61% of the company’s stock.

PEGA has been the subject of several research reports. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

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Pegasystems Profile

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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