Shaker Investmentsoh Lowers stake in Pegasystems (PEGA)

Pegasystems (PEGA) : Shaker Investmentsoh reduced its stake in Pegasystems by 7.68% during the most recent quarter end. The investment management company now holds a total of 108,200 shares of Pegasystems which is valued at $3,026,354 after selling 9,000 shares in Pegasystems , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Pegasystems makes up approximately 2.68% of Shaker Investmentsoh’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in PEGA by selling 166,332 shares or 32.03% in the most recent quarter. The Hedge Fund company now holds 352,925 shares of PEGA which is valued at $9,927,780. Pegasystems makes up approx 0.59% of Dalton Greiner Hartman Maher Co’s portfolio.Cutler Group Lp reduced its stake in PEGA by selling 264 shares or 49.91% in the most recent quarter. The Hedge Fund company now holds 265 shares of PEGA which is valued at $7,454.Fisher Asset Management reduced its stake in PEGA by selling 58,561 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 1,612,385 shares of PEGA which is valued at $45,356,390. Pegasystems makes up approx 0.09% of Fisher Asset Management’s portfolio. Bnp Paribas Arbitrage Sa added PEGA to its portfolio by purchasing 1,406 company shares during the most recent quarter which is valued at $38,567.

Pegasystems closed down -0.02 points or -0.07% at $27.97 with 1,10,206 shares getting traded on Monday. Post opening the session at $27.95, the shares hit an intraday low of $27.89 and an intraday high of $28.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Pegasystems reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.17. The company had revenue of $178.90 million for the quarter, compared to analysts expectations of $173.82 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Pegasystems. Company shares were Reiterated by Wedbush on May 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .

Pegasystems Inc. develops markets licenses and supports software applications which 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 Company provides implementation consulting training technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services healthcare insurance communications and media public sector manufacturing and life sciences markets.

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