Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 1,800 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $28.12, for a total value of $50,616.00. Following the sale, the director now owns 625,242 shares of the company’s stock, valued at $17,581,805.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
A number of institutional investors have added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Pegasystems by 6.1% in the fourth quarter. Rhumbline Advisers now owns 37,755 shares of the company’s stock valued at $1,038,000 after buying an additional 2,165 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Pegasystems by 9.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 38,982 shares of the company’s stock valued at $1,072,000 after buying an additional 3,467 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Pegasystems by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 66,293 shares of the company’s stock valued at $1,823,000 after buying an additional 1,200 shares during the period.
Shares of Pegasystems Inc. (NASDAQ:PEGA) traded up 0.36% on Tuesday, reaching $27.99. The company had a trading volume of 167,633 shares. The company has a 50 day moving average of $27.60 and a 200-day moving average of $25.45. Pegasystems Inc. has a 52 week low of $20.38 and a 52 week high of $30.23. The company has a market capitalization of $2.14 billion and a P/E ratio of 57.12.
PEGA has been the topic of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $34.00 target price (up from $33.00) on shares of Pegasystems in a research report on Friday, May 6th. JMP Securities reaffirmed a “buy” rating on shares of Pegasystems in a research report on Wednesday, June 8th.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.43%. The ex-dividend date was Wednesday, June 29th.
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 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.
