Breaking: The Benchmark Company Reaffirms $80 Target Price On Pegasystems (NASDAQ:PEGA) Shares, Reaffirms Their Original “Buy” Rating

Pegasystems Inc. (NASDAQ:PEGA) Logo

Investors sentiment increased to 0.81 in Q4 2018. Its up 0.30, from 0.51 in 2018Q3. It increased, as 27 investors sold Pegasystems Inc. shares while 43 reduced holdings. 19 funds opened positions while 38 raised stakes. 30.75 million shares or 3.27% less from 31.79 million shares in 2018Q3 were reported.

Point72 Asset Mngmt Limited Partnership invested in 0.1% or 418,570 shares. First Advsrs L P holds 0.02% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 147,781 shares. Vanguard Group Inc stated it has 0.01% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Tiaa Cref Investment Mngmt Ltd Liability Com holds 0.01% or 173,269 shares in its portfolio. Papp L Roy Associate has invested 0.35% in Pegasystems Inc. (NASDAQ:PEGA). Herald Invest Management Limited has invested 5.14% in Pegasystems Inc. (NASDAQ:PEGA). Oppenheimer Asset Incorporated invested in 13,366 shares or 0.02% of the stock. Northwestern Mutual Wealth Mgmt accumulated 636 shares. Strs Ohio reported 0% stake. New York-based Metropolitan Life Insur Communications has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). Envestnet Asset Mgmt holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 22,288 shares. Moreover, Utd Automobile Association has 0% invested in Pegasystems Inc. (NASDAQ:PEGA). Rhumbline Advisers reported 37,815 shares. First Interstate Bankshares holds 355 shares. Millennium Management Ltd Llc has 206,392 shares for 0.02% of their portfolio.

Since November 9, 2018, it had 0 insider buys, and 10 selling transactions for $600,205 activity. Trefler Leon sold $81,673 worth of stock. STILLWELL KENNETH sold $18,760 worth of stock. Shares for $16,482 were sold by WEBER LARRY on Monday, December 17.

Pegasystems (NASDAQ:PEGA) Rating Reaffirmed

The Benchmark Company now has a $80 TP on the $5.63B market cap company or 12.06 % upside potential. In analysts report shared with investors and clients on 8 May, Pegasystems (NASDAQ:PEGA) shares have had their “Buy” Rating restate by equity research analysts at The Benchmark Company.

Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage

Among 2 analysts covering Pegasystems Inc (NASDAQ:PEGA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pegasystems Inc has $84 highest and $68 lowest target. $76’s average target is 6.46% above currents $71.39 stock price. Pegasystems Inc had 4 analyst reports since February 20, 2019 according to SRatingsIntel. Wedbush maintained Pegasystems Inc. (NASDAQ:PEGA) on Wednesday, February 27 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, February 20 by MUFG Securities Americas Inc.

The stock decreased 2.10% or $1.53 during the last trading session, reaching $71.39. About 557,668 shares traded or 42.06% up from the average. Pegasystems Inc. (NASDAQ:PEGA) has risen 15.99% since May 8, 2018 and is uptrending. It has outperformed by 11.62% 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 $5.63 billion. It provides Pega Platform, a platform that enables clients to build enterprise applications. It has a 549.15 P/E ratio. 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.

More notable recent Pegasystems Inc. (NASDAQ:PEGA) news were published by: Nasdaq.com which released: “Pegasystems (PEGA) Reports Q1 Loss, Lags Revenue Estimates – Nasdaq” on May 07, 2019, also Prnewswire.com with their article: “Pega Partners with Girls in Tech to Support Tomorrow’s Technology Leaders – PRNewswire” published on April 23, 2019, Prnewswire.com published: “Pegasystems Appoints Christopher Lafond to its Board of Directors – PRNewswire” on April 24, 2019. More interesting news about Pegasystems Inc. (NASDAQ:PEGA) were released by: Nasdaq.com and their article: “Pegasystems (PEGA) Surpasses Q4 Earnings and Revenue Estimates – Nasdaq” published on February 20, 2019 as well as Prnewswire.com‘s news article titled: “Pegasystems Named a Leader in Gartner’s Magic Quadrant for Intelligent Business Process Management Suites for 12th Time in a Row – PRNewswire” with publication date: February 01, 2019.

Pegasystems Inc. (NASDAQ:PEGA) Institutional Positions Chart

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