Allianz Asset Management GmbH Has $43.65 Million Holdings in Pegasystems Inc. (NASDAQ:PEGA)

Allianz Asset Management GmbH grew its position in Pegasystems Inc. (NASDAQ:PEGA) by 34.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,393 shares of the technology company’s stock after purchasing an additional 119,439 shares during the period. Allianz Asset Management GmbH owned about 0.55% of Pegasystems worth $43,654,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Pegasystems by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company’s stock worth $783,000 after acquiring an additional 141 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company’s stock worth $26,000 after acquiring an additional 167 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Pegasystems by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 4,099 shares of the technology company’s stock worth $300,000 after acquiring an additional 211 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after acquiring an additional 216 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Pegasystems by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company’s stock worth $435,000 after acquiring an additional 219 shares in the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Pegasystems

In related news, insider Leon Trefler sold 752 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total transaction of $71,139.20. Following the completion of the sale, the insider now directly owns 36,884 shares of the company’s stock, valued at $3,489,226.40. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kenneth Stillwell sold 7,742 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $84.72, for a total value of $655,902.24. Following the sale, the chief financial officer now directly owns 14,466 shares of the company’s stock, valued at $1,225,559.52. This represents a 34.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,745 shares of company stock valued at $2,001,989. Corporate insiders own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Rosenblatt Securities upped their price target on Pegasystems from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Barclays decreased their price target on Pegasystems from $103.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. StockNews.com upgraded Pegasystems from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Finally, KeyCorp restated an “overweight” rating and set a $118.00 target price on shares of Pegasystems in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.36.

Pegasystems Trading Down 4.4 %

Shares of PEGA stock opened at $77.89 on Friday. The stock has a 50 day moving average of $97.83 and a two-hundred day moving average of $84.39. Pegasystems Inc. has a 12 month low of $54.55 and a 12 month high of $113.67. The company has a market capitalization of $6.69 billion, a P/E ratio of 77.12 and a beta of 1.11.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20). Pegasystems had a return on equity of 32.09% and a net margin of 6.63%. Sell-side analysts predict that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.03 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. Pegasystems’s payout ratio is presently 11.88%.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.