Pegasystems (NASDAQ:PEGA) had its price objective lifted by Benchmark from $67.00 to $72.00 in a report published on Monday morning. Benchmark currently has a buy rating on the technology company’s stock.
PEGA has been the topic of a number of other research reports. BidaskClub cut shares of Pegasystems from a sell rating to a strong sell rating in a report on Friday, January 26th. UBS Group reissued an overweight rating and issued a $65.00 target price on shares of Pegasystems in a report on Tuesday, February 27th. Wedbush reissued an outperform rating and issued a $73.00 target price (up previously from $66.00) on shares of Pegasystems in a report on Thursday, March 1st. TheStreet cut shares of Pegasystems from a b- rating to a c rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research raised shares of Pegasystems from a hold rating to a buy rating and set a $64.00 target price on the stock in a report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $65.67.
Pegasystems (NASDAQ PEGA) opened at $61.90 on Monday. Pegasystems has a twelve month low of $40.75 and a twelve month high of $64.85. The stock has a market cap of $4,834.35, a PE ratio of 147.38 and a beta of 1.08.
In other Pegasystems news, VP Michael R. Pyle sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $47.61, for a total value of $190,440.00. Following the sale, the vice president now owns 46,524 shares in the company, valued at $2,215,007.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Efstathios A. Kouninis sold 912 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $59.37, for a total transaction of $54,145.44. The disclosure for this sale can be found here. Insiders sold 27,329 shares of company stock worth $1,526,648 in the last 90 days. 53.61% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its stake in shares of Pegasystems by 36.5% in the third quarter. Prudential Financial Inc. now owns 6,410 shares of the technology company’s stock valued at $370,000 after purchasing an additional 1,714 shares during the period. Swiss National Bank increased its stake in shares of Pegasystems by 2.8% in the fourth quarter. Swiss National Bank now owns 66,100 shares of the technology company’s stock valued at $3,117,000 after purchasing an additional 1,800 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Pegasystems by 58.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,935 shares of the technology company’s stock valued at $282,000 after purchasing an additional 1,811 shares during the period. Axiom International Investors LLC DE increased its stake in shares of Pegasystems by 1.9% in the third quarter. Axiom International Investors LLC DE now owns 97,080 shares of the technology company’s stock valued at $5,597,000 after purchasing an additional 1,825 shares during the period. Finally, American International Group Inc. increased its stake in shares of Pegasystems by 8.1% in the third quarter. American International Group Inc. now owns 24,578 shares of the technology company’s stock valued at $1,417,000 after purchasing an additional 1,838 shares during the period. Institutional investors own 47.75% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/2018/03/15/benchmark-raises-pegasystems-pega-price-target-to-72-00/2035358.html.
Pegasystems Company Profile
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 platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.