Gotham Asset Management LLC Has $31.71 Million Holdings in Pegasystems Inc. $PEGA

Gotham Asset Management LLC lessened its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 16.9% during the third quarter, HoldingsChannel.com reports. The fund owned 551,535 shares of the technology company’s stock after selling 112,214 shares during the period. Gotham Asset Management LLC’s holdings in Pegasystems were worth $31,713,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth lifted its holdings in shares of Pegasystems by 10.5% in the third quarter. Focus Partners Wealth now owns 15,838 shares of the technology company’s stock worth $911,000 after acquiring an additional 1,508 shares during the last quarter. CSM Advisors LLC grew its holdings in shares of Pegasystems by 11.7% during the 3rd quarter. CSM Advisors LLC now owns 76,031 shares of the technology company’s stock valued at $4,372,000 after purchasing an additional 7,943 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Pegasystems by 20.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 204,792 shares of the technology company’s stock valued at $11,776,000 after purchasing an additional 35,250 shares during the last quarter. Creative Planning increased its position in Pegasystems by 59.6% during the 3rd quarter. Creative Planning now owns 27,983 shares of the technology company’s stock worth $1,609,000 after purchasing an additional 10,455 shares in the last quarter. Finally, Zacks Investment Management increased its position in Pegasystems by 15.9% during the 3rd quarter. Zacks Investment Management now owns 118,282 shares of the technology company’s stock worth $6,801,000 after purchasing an additional 16,236 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Stock Performance

Shares of NASDAQ PEGA opened at $42.85 on Tuesday. The firm has a 50 day moving average price of $46.95 and a two-hundred day moving average price of $54.29. The stock has a market cap of $7.24 billion, a P/E ratio of 20.07 and a beta of 1.06. Pegasystems Inc. has a 52-week low of $29.84 and a 52-week high of $68.10.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.76 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 company had revenue of $504.32 million for the quarter, compared to analyst estimates of $494.60 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. Pegasystems’s revenue was up 2.8% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.12 annualized dividend and a yield of 0.3%. Pegasystems’s payout ratio is presently 5.63%.

Insider Activity

In other Pegasystems news, Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the chairman owned 44,394,454 shares in the company, valued at approximately $2,176,216,135.08. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kenneth Stillwell sold 44,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $44.81, for a total value of $1,971,640.00. Following the completion of the sale, the chief financial officer directly owned 109,123 shares of the company’s stock, valued at approximately $4,889,801.63. The trade was a 28.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 134,000 shares of company stock worth $6,793,390 over the last ninety days. Company insiders own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $62.00 target price on shares of Pegasystems in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Citigroup raised their price objective on Pegasystems from $73.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, KeyCorp set a $60.00 target price on Pegasystems in a report on Thursday, February 5th. 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. Based on data from MarketBeat.com, Pegasystems has an average rating of “Moderate Buy” and an average target price of $67.60.

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.