Nordea Investment Management AB Has $10.42 Million Position in Pegasystems Inc. $PEGA

Nordea Investment Management AB lessened its position in Pegasystems Inc. (NASDAQ:PEGA) by 13.3% in the 4th quarter, Holdings Channel reports. The firm owned 173,892 shares of the technology company’s stock after selling 26,772 shares during the period. Nordea Investment Management AB’s holdings in Pegasystems were worth $10,418,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEGA. NewEdge Advisors LLC boosted its position in shares of Pegasystems by 1.4% during the third quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock worth $785,000 after purchasing an additional 189 shares in the last quarter. UMB Bank n.a. increased its position in shares of Pegasystems by 27.3% in the 3rd quarter. UMB Bank n.a. now owns 929 shares of the technology company’s stock valued at $53,000 after buying an additional 199 shares in the last quarter. Paralel Advisors LLC raised its stake in Pegasystems by 0.3% during the 3rd quarter. Paralel Advisors LLC now owns 76,960 shares of the technology company’s stock worth $4,425,000 after buying an additional 224 shares during the period. Global Retirement Partners LLC raised its stake in Pegasystems by 20.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,331 shares of the technology company’s stock worth $77,000 after buying an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Pegasystems by 5.0% during the third quarter. EverSource Wealth Advisors LLC now owns 4,798 shares of the technology company’s stock worth $276,000 after acquiring an additional 228 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEGA has been the subject of a number of research analyst reports. Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price target on shares of Pegasystems in a research report on Thursday, February 12th. Zacks Research upgraded Pegasystems from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Citigroup increased their target price on Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Insider Buying and Selling

In related news, Chairman Alan Trefler sold 45,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, January 21st. The stock was 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. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 44,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 109,123 shares in the company, valued at approximately $4,889,801.63. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,594 shares of company stock valued at $4,549,924 over the last three months. 49.70% of the stock is owned by insiders.

Pegasystems Price Performance

Shares of PEGA opened at $41.49 on Thursday. Pegasystems Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $68.10. The firm has a market capitalization of $7.01 billion, a PE ratio of 19.43 and a beta of 1.06. The company’s 50-day moving average is $44.74 and its 200-day moving average is $53.73.

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

Pegasystems Announces Dividend

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

Pegasystems 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.