How Analysts Feel About Pegasystems Inc (NASDAQ:PEGA) After Decrease in Sellers?

August 9, 2018 - By Mary Kidd

Pegasystems Inc. (NASDAQ:PEGA) Logo

Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.30, from 1.37 in 2017Q4. It fall, as 30 investors sold Pegasystems Inc. shares while 52 reduced holdings. 40 funds opened positions while 48 raised stakes. 32.21 million shares or 1.70% less from 32.76 million shares in 2017Q4 were reported.
Lpl Financial Limited Liability Co holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 5,108 shares. 800 are held by Huntington Fincl Bank. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Pegasystems Inc. (NASDAQ:PEGA). Gsa Capital Ptnrs Llp invested 0.09% in Pegasystems Inc. (NASDAQ:PEGA). United Service Automobile Association invested in 6,482 shares. The Missouri-based Parkside Financial Bank And has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). 385,439 are owned by Geode Capital Mgmt Ltd Liability Corporation. Us Comml Bank De accumulated 31,607 shares. 420 are held by Archford Cap Strategies Lc. Blackrock invested in 0.01% or 2.40M shares. Smith Asset Lp reported 40,941 shares. Century Cos holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 36,140 shares. Brandywine Managers Ltd holds 0.22% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 6,500 shares. Wellington Mgmt Gru Llp has invested 0.01% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). New York-based Tocqueville Asset Management L P has invested 0.01% in Pegasystems Inc. (NASDAQ:PEGA).

Since February 27, 2018, it had 0 insider buys, and 21 insider sales for $5.67 million activity. The insider PYLE MICHAEL R sold 10,000 shares worth $594,993. The insider Trefler Leon sold 2,400 shares worth $149,904. 722 Pegasystems Inc. (NASDAQ:PEGA) shares with value of $47,009 were sold by KOUNINIS EFSTATHIOS A. Shares for $106,104 were sold by STILLWELL KENNETH. KAPLAN STEVEN F sold $534,931 worth of Pegasystems Inc. (NASDAQ:PEGA) on Wednesday, March 7. $122,800 worth of Pegasystems Inc. (NASDAQ:PEGA) was sold by JONES RICHARD H on Tuesday, May 29.

The stock of Pegasystems Inc (NASDAQ:PEGA) registered a decrease of 29.48% in short interest. PEGA’s total short interest was 644,800 shares in August as published by FINRA. Its down 29.48% from 914,400 shares, reported previously. With 376,500 shares average volume, it will take short sellers 2 days to cover their PEGA’s short positions. The short interest to Pegasystems Inc’s float is 1.73%.

The stock increased 2.15% or $1.25 during the last trading session, reaching $59.35. About 634,082 shares traded or 27.90% up from the average. Pegasystems Inc. (NASDAQ:PEGA) has risen 8.75% since August 9, 2017 and is uptrending. It has underperformed by 3.82% the S&P500.

Pegasystems, Inc. develops, markets, licenses, and software applications for marketing, sales, service, and activities in the United States and internationally. The company has market cap of $4.66 billion. It provides Pega Platform, a platform that enables clients to build enterprise applications. It currently has negative earnings. The firm also offers customer relationship management applications, including Pega Marketing that enable enterprises to enhance customer experiences across inbound and outbound channels; Pega sales automation applications to automate and manage the sales process from prospecting to product fulfillment; Pega customer service applications to contact center desktop, case management for customer service, mobile field service, digital, self-service, and industry specific processes and data models; and activities applications to support exceptions and investigations, order fulfillment, claims processing, insurance underwriting, and product development, as well as risk, fraud, and compliance management.

Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage

Among 3 analysts covering Pegasystems Inc (NASDAQ:PEGA), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pegasystems Inc had 3 analyst reports since February 27, 2018 according to SRatingsIntel. MUFG Securities Americas Inc maintained it with “Buy” rating and $65.0 target in Tuesday, February 27 report. As per Thursday, March 1, the company rating was maintained by Wedbush. The firm has “Buy” rating by DA Davidson given on Thursday, April 26.

More notable recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: Streetinsider.com which released: “Pre-Open Movers 08/09: (BEL) (DNB) (YELP) Higher; (AMPE) (ELF) (RAD) Lower (more…)” on August 09, 2018, also Prnewswire.com with their article: “Pegasystems to Announce Financial Results for the Second Quarter of 2018 via Conference Call and Webcast” published on July 25, 2018, Prnewswire.com published: “Pegasystems Named a Visionary in Gartner’s Magic Quadrant for Sales Force Automation” on July 11, 2018. More interesting news about Pegasystems Inc. (NASDAQ:PEGA) were released by: Seekingalpha.com and their article: “Tracking Ken Fisher’s Fisher Asset Management Portfolio – Q2 2018 Update” published on July 18, 2018 as well as Seekingalpha.com‘s news article titled: “Pegasystems Inc. (PEGA) CEO Alan Trefler on Q2 2018 Results – Earnings Call Transcript” with publication date: August 09, 2018.

Pegasystems Inc. (NASDAQ:PEGA) Institutional Positions Chart

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