Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of Pegasystems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $69.73, for a total transaction of $69,730.00. Following the completion of the sale, the chief financial officer now directly owns 8,182 shares of the company’s stock, valued at approximately $570,530.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Kenneth Stillwell also recently made the following trade(s):
- On Thursday, August 1st, Kenneth Stillwell sold 5,716 shares of Pegasystems stock. The shares were sold at an average price of $76.04, for a total value of $434,644.64.
- On Monday, July 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $72.05, for a total value of $144,100.00.
NASDAQ:PEGA traded up $1.31 during trading hours on Thursday, hitting $71.47. 186,575 shares of the company traded hands, compared to its average volume of 339,991. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50-day simple moving average is $72.35 and its 200-day simple moving average is $70.38. Pegasystems Inc. has a one year low of $43.21 and a one year high of $79.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC raised its stake in Pegasystems by 542.2% in the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after acquiring an additional 347 shares during the period. Captrust Financial Advisors bought a new position in shares of Pegasystems in the second quarter worth about $32,000. Cutler Group LP bought a new position in shares of Pegasystems in the second quarter worth about $43,000. Steward Partners Investment Advisory LLC bought a new position in shares of Pegasystems in the second quarter worth about $53,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Pegasystems by 352.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock worth $70,000 after buying an additional 761 shares during the period. Institutional investors own 44.96% of the company’s stock.
Several equities analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $80.00 price objective (up from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. JMP Securities raised their price objective on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 8th. Finally, BidaskClub cut Pegasystems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $80.20.
Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.
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