Robinhood Asset Management LLC Acquires New Shares in Pegasystems Inc. $PEGA

Robinhood Asset Management LLC bought a new position in Pegasystems Inc. (NASDAQ:PEGA) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 84,943 shares of the technology company’s stock, valued at approximately $5,073,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 acquiring an additional 221,791 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 last quarter. AQR Capital Management LLC boosted its stake in Pegasystems by 236.2% during 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. boosted its stake in Pegasystems by 76.6% during 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 purchasing an additional 1,536,726 shares during the period. Finally, State Street Corp grew its position in Pegasystems by 255.3% in the 2nd quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after purchasing an additional 2,089,375 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PEGA shares. Wedbush cut their price target on Pegasystems from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Citigroup increased their price objective on Pegasystems from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Wall Street Zen cut Pegasystems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 14th. Royal Bank Of Canada set a $65.00 target price on Pegasystems and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Pegasystems in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Pegasystems Price Performance

NASDAQ PEGA opened at $42.48 on Tuesday. Pegasystems Inc. has a 12 month low of $29.84 and a 12 month high of $68.10. The firm has a market capitalization of $7.18 billion, a PE ratio of 19.90 and a beta of 1.09. The company’s 50 day simple moving average is $43.32 and its 200 day simple moving average is $52.80.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $504.32 million during 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%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. Sell-side analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio (DPR) is 5.63%.

Insider Buying and Selling at Pegasystems

In related news, CFO Kenneth Stillwell sold 44,000 shares of the firm’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 completion of the sale, the chief financial officer directly owned 109,123 shares in the company, valued at approximately $4,889,801.63. This trade represents a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rifat Kerim Akgonul sold 7,594 shares of Pegasystems stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $43.39, for a total transaction of $329,503.66. Following the completion of the transaction, the insider owned 111,429 shares in the company, valued at approximately $4,834,904.31. This trade represents a 6.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 97,594 shares of company stock worth $4,549,924. 49.70% of the stock is currently owned by company insiders.

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.