Illinois Municipal Retirement Fund Acquires 28,629 Shares of Pegasystems Inc. $PEGA

Illinois Municipal Retirement Fund boosted its holdings in shares of Pegasystems Inc. (NASDAQ:PEGA) by 56.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,619 shares of the technology company’s stock after acquiring an additional 28,629 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Pegasystems were worth $4,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in Pegasystems by 23.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,987,291 shares of the technology company’s stock worth $286,769,000 after acquiring an additional 937,216 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Pegasystems by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,927,576 shares of the technology company’s stock valued at $110,778,000 after purchasing an additional 25,598 shares during the period. Vest Financial LLC acquired a new position in shares of Pegasystems during the third quarter valued at about $1,515,000. Nordea Investment Management AB boosted its position in shares of Pegasystems by 100.9% during the 2nd quarter. Nordea Investment Management AB now owns 196,065 shares of the technology company’s stock worth $10,492,000 after purchasing an additional 98,468 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Pegasystems by 60.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 240,225 shares of the technology company’s stock valued at $13,003,000 after buying an additional 90,404 shares during the period. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Barclays upgraded PEGA, citing accelerating Pega Cloud adoption and strong AI positioning after the recent selloff — the note frames current weakness as a buying opportunity. Barclays upgrade
• Positive Sentiment: Coverage highlighting Pegasystems’ strong 2025 results, legal relief and an enlarged buyback has shifted the investment narrative toward capital returns plus improving fundamentals. Strong 2025 results & buyback
• Positive Sentiment: Management reiterated growth ambitions (targeting $2B revenue) and emphasized “predictable AI” and cloud migration as the path to mid-teens ACV/revenue growth — a roadmap investors view as supportive of durable recurring revenue. $2B revenue target
• Positive Sentiment: Pegasystems is targeting ~15% ACV and revenue growth in 2026 as Pega Cloud adoption accelerates — a concrete growth guide that supports multiple expansion if execution continues. 2026 growth targets
• Positive Sentiment: Rosenblatt reaffirmed a buy rating with a $62 target, signaling at least some analyst conviction behind the recovery narrative. Rosenblatt reaffirmation
• Positive Sentiment: Intraday market commentary noted PEGA “making a mark” on Nasdaq as digital solutions momentum attracts trader interest. Nasdaq momentum
• Neutral Sentiment: Analysts and commentary are reassessing valuation after recent share‑price weakness — useful context for longer‑term investors but not an immediate catalyst. Valuation assessment
• Neutral Sentiment: Comparative coverage contrasts PEGA with peers (e.g., Trend Micro) — background reading for investors sizing competitive risk. Peer contrast
• Negative Sentiment: Wedbush cut its price target from $75 to $60 (still an outperform), reducing upside projection and signaling more conservative near‑term expectations. Wedbush PT cut
• Negative Sentiment: Citizens Jmp lowered its target from $78 to $58, trimming analyst upside and reflecting continued analyst divergence on fair value. Citizens Jmp PT cut
• Negative Sentiment: Pegasystems agreed to pay $7M to resolve investors’ trade‑secret claims — a modest one‑time hit but a headline negative that briefly pressures sentiment. Legal settlement

Pegasystems Trading Up 8.0%

NASDAQ PEGA opened at $43.85 on Friday. The firm has a market capitalization of $7.41 billion, a P/E ratio of 20.54 and a beta of 1.07. The business has a fifty day simple moving average of $53.64 and a 200 day simple moving average of $55.67. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $68.10.

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

Pegasystems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 2nd. Pegasystems’s dividend payout ratio is presently 5.63%.

Analyst Ratings Changes

A number of research analysts recently weighed in on PEGA shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price target on shares of Pegasystems in a research note on Thursday. Citigroup restated a “buy” rating and set a $73.00 price objective (down previously from $81.00) on shares of Pegasystems in a report on Thursday. Wall Street Zen lowered Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday. KeyCorp set a $60.00 target price on Pegasystems in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $65.00 price target on shares of Pegasystems and gave the company an “outperform” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Pegasystems currently has an average rating of “Moderate Buy” and an average price target of $66.95.

Insider Buying and Selling at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $60.19, for a total value of $240,760.00. Following the transaction, the insider owned 112,845 shares in the company, valued at $6,792,140.55. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the company’s 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 completion of the transaction, the chairman directly owned 44,394,454 shares of the company’s stock, valued at approximately $2,176,216,135.08. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 108,405 shares of company stock worth $5,896,127. Insiders own 49.70% of the company’s stock.

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.