Pegasystems Inc. (NASDAQ:PEGA)‘s stock had its “buy” rating restated by stock analysts at JMP Securities in a note issued to investors on Monday.

PEGA has been the topic of a number of other research reports. Sidoti lowered shares of Pegasystems from a “buy” rating to a “neutral” rating in a research note on Monday, November 14th. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Saturday, August 6th. Wedbush increased their price target on shares of Pegasystems from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Finally, TheStreet downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.75.

Shares of Pegasystems (NASDAQ:PEGA) opened at 35.80 on Monday. Pegasystems has a 12-month low of $20.38 and a 12-month high of $36.85. The company has a market capitalization of $2.73 billion, a P/E ratio of 77.83 and a beta of 1.56. The stock has a 50 day moving average of $32.35 and a 200-day moving average of $28.48.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $182.80 million for the quarter, compared to analyst estimates of $185.88 million. Pegasystems had a net margin of 4.77% and a return on equity of 15.13%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities research analysts forecast that Pegasystems will post $0.94 EPS for the current year.

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In other Pegasystems news, SVP Douglas I. Kra sold 830 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $30.83, for a total transaction of $25,588.90. Following the transaction, the senior vice president now directly owns 37,369 shares of the company’s stock, valued at $1,152,086.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard H. Jones sold 1,800 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $27.44, for a total transaction of $49,392.00. Following the transaction, the director now directly owns 619,993 shares in the company, valued at $17,012,607.92. The disclosure for this sale can be found here. Company insiders own 53.44% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Cadian Capital Management LP increased its position in Pegasystems by 144.1% in the third quarter. Cadian Capital Management LP now owns 2,960,425 shares of the company’s stock valued at $87,303,000 after buying an additional 1,747,565 shares during the last quarter. Vanguard Group Inc. increased its position in Pegasystems by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,536,517 shares of the company’s stock valued at $68,359,000 after buying an additional 8,353 shares in the last quarter. Fisher Asset Management LLC increased its position in Pegasystems by 1.6% in the third quarter. Fisher Asset Management LLC now owns 1,638,711 shares of the company’s stock valued at $48,326,000 after buying an additional 26,326 shares in the last quarter. FMR LLC increased its position in Pegasystems by 18.1% in the second quarter. FMR LLC now owns 1,518,245 shares of the company’s stock valued at $40,917,000 after buying an additional 232,745 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Pegasystems by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,386,596 shares of the company’s stock valued at $37,368,000 after buying an additional 96,691 shares in the last quarter. 44.10% of the stock is currently owned by institutional investors and hedge funds.

About Pegasystems

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 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.

5 Day Chart for NASDAQ:PEGA

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