AE Wealth Management LLC bought a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,417 shares of the technology company’s stock, valued at approximately $386,000.

A number of other institutional investors have also recently added to or reduced their stakes in PEGA. Signaturefd LLC acquired a new position in shares of Pegasystems during the first quarter valued at about $34,000. Pacifica Partners Inc. acquired a new position in shares of Pegasystems during the first quarter valued at about $36,000. Piedmont Investment Advisors Inc. acquired a new position in shares of Pegasystems during the fourth quarter valued at about $224,000. PEAK6 Investments LLC acquired a new position in shares of Pegasystems during the fourth quarter valued at about $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pegasystems by 36.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,998 shares of the technology company’s stock valued at $239,000 after buying an additional 801 shares during the last quarter. 46.59% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Efstathios A. Kouninis sold 490 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $92.00, for a total transaction of $45,080.00. Following the transaction, the chief accounting officer now directly owns 2,520 shares in the company, valued at $231,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Efstathios A. Kouninis sold 607 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $87.13, for a total transaction of $52,887.91. Following the transaction, the chief accounting officer now owns 1,877 shares in the company, valued at $163,543.01. The disclosure for this sale can be found here. Insiders have sold 24,514 shares of company stock worth $1,824,933 over the last ninety days. Insiders own 52.37% of the company’s stock.

PEGA has been the subject of a number of research analyst reports. KeyCorp cut their price objective on shares of Pegasystems from $110.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wedbush upped their target price on shares of Pegasystems from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. DA Davidson reissued a “buy” rating and issued a $105.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. ValuEngine raised shares of Pegasystems from a “hold” rating to a “buy” rating in a research note on Tuesday, March 17th. Finally, BidaskClub raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $108.33.

Shares of Pegasystems stock opened at $89.97 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of -81.79 and a beta of 1.24. Pegasystems Inc. has a 1-year low of $38.01 and a 1-year high of $103.13. The firm’s 50-day moving average price is $79.07 and its two-hundred day moving average price is $80.70.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $265.59 million for the quarter, compared to analysts’ expectations of $255.98 million. Pegasystems had a negative net margin of 9.03% and a negative return on equity of 16.20%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) earnings per share. As a group, equities research analysts predict that Pegasystems Inc. will post -1.14 EPS for the current year.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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