Gotham Asset Management LLC Has $31.71 Million Stock Position in Pegasystems Inc. $PEGA

Gotham Asset Management LLC cut its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 16.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 551,535 shares of the technology company’s stock after selling 112,214 shares during the period. Gotham Asset Management LLC owned 0.32% of Pegasystems worth $31,713,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Pegasystems by 2.0% during the third quarter. Vanguard Group Inc. now owns 11,272,359 shares of the technology company’s stock worth $648,161,000 after purchasing an additional 221,791 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Pegasystems by 23.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock valued at $286,769,000 after purchasing an additional 937,216 shares during the period. AQR Capital Management LLC boosted its stake in Pegasystems by 236.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock valued at $217,584,000 after purchasing an additional 2,836,733 shares during the period. Bares Capital Management Inc. grew its holdings in Pegasystems by 76.6% in the 2nd quarter. Bares Capital Management Inc. now owns 3,542,716 shares of the technology company’s stock valued at $191,767,000 after buying an additional 1,536,726 shares in the last quarter. Finally, State Street Corp increased its position in Pegasystems by 255.3% during the 2nd quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after buying an additional 2,089,375 shares during the period. Institutional investors own 46.89% of the company’s stock.

Pegasystems Stock Performance

PEGA opened at $42.85 on Tuesday. Pegasystems Inc. has a 52-week low of $29.84 and a 52-week high of $68.10. The firm has a market cap of $7.24 billion, a P/E ratio of 20.07 and a beta of 1.06. The business’s fifty day moving average is $46.95 and its 200-day moving average is $54.29.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $504.32 million during the quarter, compared to the consensus estimate of $494.60 million. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.Pegasystems’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, research analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Pegasystems’s dividend payout ratio is 5.63%.

Insider Activity at Pegasystems

In related news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total value of $2,205,900.00. Following the transaction, the chairman directly owned 44,394,454 shares of the company’s stock, valued at $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kenneth Stillwell sold 44,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total transaction of $1,971,640.00. Following the transaction, the chief financial officer owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. This represents a 28.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 134,000 shares of company stock worth $6,793,390 in the last quarter. 50.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PEGA has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Royal Bank Of Canada set a $65.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citizens Jmp dropped their price objective on shares of Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. Wedbush cut their price objective on shares of Pegasystems from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Pegasystems Company Profile

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.