Fmr LLC trimmed its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 994,499 shares of the technology company’s stock after selling 6,000 shares during the period. Fmr LLC owned approximately 1.27% of Pegasystems worth $47,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Pegasystems by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,401,811 shares of the technology company’s stock valued at $212,953,000 after buying an additional 90,839 shares during the period. Vanguard Group Inc lifted its holdings in shares of Pegasystems by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 3,401,811 shares of the technology company’s stock valued at $212,953,000 after buying an additional 90,839 shares during the period. SQN Investors LP lifted its holdings in shares of Pegasystems by 27.8% during the 4th quarter. SQN Investors LP now owns 2,117,903 shares of the technology company’s stock valued at $101,299,000 after buying an additional 460,938 shares during the period. BlackRock Inc. lifted its holdings in shares of Pegasystems by 2.0% during the 4th quarter. BlackRock Inc. now owns 1,732,682 shares of the technology company’s stock valued at $82,876,000 after buying an additional 34,732 shares during the period. Finally, Standard Life Aberdeen plc lifted its holdings in shares of Pegasystems by 63.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,238,757 shares of the technology company’s stock valued at $77,608,000 after buying an additional 478,916 shares during the period. Institutional investors and hedge funds own 48.02% of the company’s stock.

In related news, CFO Kenneth Stillwell sold 2,600 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $56.59, for a total value of $147,134.00. Following the transaction, the chief financial officer now directly owns 12,482 shares of the company’s stock, valued at approximately $706,356.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Leon Trefler sold 948 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $66.46, for a total value of $63,004.08. Following the completion of the transaction, the senior vice president now directly owns 11,627 shares in the company, valued at $772,730.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,039 shares of company stock worth $3,471,800. 52.85% of the stock is owned by insiders.

Several research firms have recently weighed in on PEGA. BidaskClub raised Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and set a $66.86 price target on shares of Pegasystems in a report on Wednesday, April 10th. TheStreet raised Pegasystems from a “c” rating to a “b-” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price target on the stock in a report on Tuesday, February 19th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Pegasystems currently has a consensus rating of “Buy” and a consensus price target of $68.62.

NASDAQ PEGA opened at $70.01 on Thursday. Pegasystems Inc. has a 1-year low of $43.21 and a 1-year high of $71.36. The firm has a market cap of $5.53 billion, a PE ratio of 3,485.00 and a beta of 1.38.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Wednesday, February 20th. The technology company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.20. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The company had revenue of $256.36 million for the quarter, compared to analysts’ expectations of $252.71 million. During the same period last year, the firm earned $0.45 EPS. Pegasystems’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Pegasystems Inc. will post -0.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.03 dividend. The ex-dividend date was Friday, March 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%.

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Pegasystems 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. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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