Ranger Investment Management LP Stake In Pegasystems INC (PEGA) Was Increased

May 3, 2018 - By Lena Young

Pegasystems Inc. (NASDAQ:PEGA) Corporate LogoBig Money Sentiment increased to 1.37 in Q4 2017. It has change of 0.30, from 2017Q3’s 1.07. The ratio is positive due to PEGA positioning: 19 sold and 44 reduced. 37 funds took holdings and 49 increased holdings. Investors holded 33.44 million in 2017Q3 but now own 32.76 million shares or 2.01% less. Millennium Limited Liability, a New York-based fund reported 36,481 shs. Bahl Gaynor Inc owns 49,624 shs. Sumitomo Mitsui Asset Ltd reported 0.48% in Pegasystems Inc. (NASDAQ:PEGA). Northwestern Mutual Wealth Mngmt has 0% invested in Pegasystems Inc. (NASDAQ:PEGA). Contour Asset Mngmt Limited Liability Corp has 2.69% invested in Pegasystems Inc. (NASDAQ:PEGA). Tpg Group Holding (Sbs) Advsr Inc owns 1.73M shs. Tcw Group Incorporated holds 0.08% or 211,266 shs in its capital. Illinois-based Northern Tru Corp has invested 0.01% in Pegasystems Inc. (NASDAQ:PEGA). Hbk Invests LP reported 0.01% stake. 37,262 are owned by Rhumbline Advisers. Sg Americas Lc, a New York-based fund reported 5,792 shs. Trexquant Inv LP owns 0.08% invested in Pegasystems Inc. (NASDAQ:PEGA) for 14,845 shs. California State Teachers Retirement Sys accumulated 57,786 shs. Federated Investors Pa reported 89 shs or 0% of all its holdings. Arrowstreet Capital Limited Partnership invested 0.02% of its capital in Pegasystems Inc. (NASDAQ:PEGA).

PEGA had 14 insider sales and 0 buys since December 7, 2017. This’s net activity of $3.98 million. The insider KAPLAN STEVEN F sold 8,585 shs worth $534,931. KOUNINIS EFSTATHIOS A sold $106,954 worth of stock or 1,700 shs. STILLWELL KENNETH sold 3,634 shs worth $205,196.

In 2017Q4 Securities and Exchange filling is reported Ranger Investment Management Lp’s holdings in Pegasystems Inc. (PEGA) which was rose by 26.9%. By buying 204,711 shares Ranger Investment Management Lp made the stock popped up with 29.47%. At the end of 2017Q4, the institutional investor held 965,692 shares of the edp services company, valued at $45.53M, up from 760,981 at the end of the previous reported quarter. $4.89B is the MC of Pegasystems Inc.. The stock increased 0.24% or $0.15 during the last trading session, hitting $62.65.Currently Pegasystems Inc. is uptrending after 44.15% change in last May 3, 2017. PEGA has 153,456 shares volume. PEGA outperformed by 32.60% the S&P500.

According to a filing the Ranger Investment Management Lp’s stake in Dorman Products Inc. (NASDAQ:DORM) was decreased by 291,012 shares to 37,083 shares valued at $2.27 million in 2017Q4. It manages about $2.16B and $1.36 billion US Long portfolio. For a total of 419,023 shares it reduced its holding in Broadsoft Inc. (NASDAQ:BSFT) by 337,537 shares in the quarter, and has cut its stake in Cotiviti Holdings Inc..

Pegasystems Inc. (NASDAQ:PEGA) Ratings Coverage

In total 3 analysts cover Pegasystems Inc (NASDAQ:PEGA). “Buy” rating has 3, “Sell” are 0, while 0 are “Hold”. 100% are bullish. With $73.0 highest and $60.0 lowest price target Pegasystems Inc has $70 average price target or 11.73% above the current ($62.65) price. 5 are the (NASDAQ:PEGA)’s analyst reports since November 9, 2017 according to StockzIntelligence Inc. On Tuesday, February 27 MUFG Securities Americas Inc maintained the shares of PEGA in report with “Buy” rating. On Thursday, April 26 the stock of Pegasystems Inc. (NASDAQ:PEGA) earned “Buy” rating by DA Davidson. On Thursday, November 9 the firm has “Buy” rating by Wedbush given. The stock rating was maintained by Wedbush with “Buy” on Thursday, March 1.

Pegasystems Inc. (NASDAQ:PEGA) Institutional Investors Chart

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