The stock of Pegasystems Inc. (NASDAQ:PEGA) reached all time high today, Nov, 3 and still has $56.41 target or 67.00% above today’s $33.78 share price. This indicates more upside for the $2.58 billion company. This technical setup was reported by Barchart.com. If the $56.41 PT is reached, the company will be worth $1.73B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 564,334 shares traded hands or 54.82% up from the average. Pegasystems Inc. (NASDAQ:PEGA) has risen 16.40% since April 1, 2016 and is uptrending. It has outperformed by 15.19% the S&P500.
Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage
Out of 2 analysts covering Pegasystems (NASDAQ:PEGA), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Pegasystems has been the topic of 5 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was maintained by Benchmark on Friday, February 26 with “Hold”. The stock has “Hold” rating given by Benchmark on Wednesday, October 28. JMP Securities initiated Pegasystems Inc. (NASDAQ:PEGA) on Friday, September 11 with “Mkt Outperform” rating.
According to Zacks Investment Research, “Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today’s preferred interaction channels, from the traditional call center environment to Internet self-service. The company’s customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.46, from 1.29 in 2016Q1. The ratio dived, as 11 funds sold all Pegasystems Inc. shares owned while 59 reduced positions. 17 funds bought stakes while 41 increased positions. They now own 30.80 million shares or 0.91% less from 31.08 million shares in 2016Q1.
Archford Capital Strategies Lc holds 420 shares or 0.01% of its portfolio. Fiera holds 0.02% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 150,000 shares. Bamco Ny has 0.32% invested in the company for 2.25 million shares. The New York-based Jpmorgan Chase & has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). Ladenburg Thalmann Fincl Services Incorporated has invested 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Moreover, Dupont Mgmt has 0.04% invested in Pegasystems Inc. (NASDAQ:PEGA) for 59,338 shares. Capital Fund Mngmt Sa holds 0% or 10,630 shares in its portfolio. Panagora Asset Mgmt has 0.02% invested in the company for 132,356 shares. Cadian Cap Mngmt Limited Partnership holds 1.21 million shares or 1.8% of its portfolio. Millennium Mgmt accumulated 165,862 shares or 0.01% of the stock. Vanguard Gru last reported 0% of its portfolio in the stock. Parkside Bank Trust, a Missouri-based fund reported 186 shares. Stanley last reported 11,206 shares in the company. Credit Suisse Ag has invested 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Tygh Mgmt has 0.82% invested in the company for 108,547 shares.
Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 42 sales for $2.42 million net activity. On Thursday, July 14 the insider JONES RICHARD H sold $25,623. KRA DOUGLAS I also sold $24,005 worth of Pegasystems Inc. (NASDAQ:PEGA) on Monday, October 3. Another trade for 208 shares valued at $5,492 was made by KOUNINIS EFSTATHIOS A on Friday, May 27. KAPLAN STEVEN F sold $241,050 worth of stock or 9,416 shares. WEBER LARRY had sold 2,000 shares worth $50,300. Another trade for 9,135 shares valued at $236,779 was sold by Trefler Leon. WYMAN WILLIAM W had sold 16,700 shares worth $466,097 on Friday, September 16.
More notable recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: Fool.com which released: “Pegasystems Inc. Maintains Sales Momentum” on November 03, 2016, also Fool.com with their article: “Pegasystems Inc. Posts a 52% Profit Boost” published on May 07, 2016, Fool.com published: “Pegasystems Inc. Posts Steady Growth Despite Industry Volatility” on August 04, 2016. More interesting news about Pegasystems Inc. (NASDAQ:PEGA) were released by: Fool.com and their article: “Pegasystems Inc. Stock Fell 10% Friday” published on February 08, 2016 as well as Fool.com‘s news article titled: “Pegasystems Inc. Announces Strong Sales Growth and an Aggressive 2016 Outlook” with publication date: February 26, 2016.
PEGA Company Profile
Pegasystems Inc., incorporated on April 21, 1983, develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Firm also offers software applications built on the Pega 7 platform. The Company’s software is designed to assist clients in building, deploying, and evolving enterprise applications. The Company’s applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Firm provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Firm offers its services to financial, healthcare, insurance, communications and media, public sector, manufacturing, life sciences and other markets.
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