Entropy Technologies LP Acquires Shares of 21,262 Pegasystems Inc. $PEGA

Posted by George Bondi on Jul 29th, 2026

Entropy Technologies LP acquired a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,262 shares of the technology company’s stock, valued at approximately $905,000.

A number of other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Pegasystems by 236.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,037,552 shares of the technology company’s stock valued at $217,584,000 after purchasing an additional 2,836,733 shares during the period. State Street Corp lifted its holdings in Pegasystems by 255.3% in the 2nd quarter. State Street Corp now owns 2,907,677 shares of the technology company’s stock worth $157,393,000 after buying an additional 2,089,375 shares during the period. Copeland Capital Management LLC purchased a new stake in Pegasystems in the 1st quarter worth approximately $47,817,000. Capital Impact Advisors LLC bought a new stake in shares of Pegasystems in the 4th quarter worth approximately $45,705,000. Finally, First Trust Advisors LP grew its position in shares of Pegasystems by 44.4% in the 1st quarter. First Trust Advisors LP now owns 2,048,599 shares of the technology company’s stock worth $87,188,000 after buying an additional 630,023 shares during the last quarter. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

More Pegasystems News

Here are the key news stories impacting Pegasystems this week:

Positive Sentiment: Pegasystems expanded its University Academic Programme in India by adding three new partners. The move could strengthen the company’s talent pipeline, product expertise and long-term presence in the Indian market, though the announcement did not include an immediate financial impact. Pegasystems expands University Academic Programme with three new partners in India
Negative Sentiment: KeyCorp lowered its Pegasystems EPS estimates across 2026 and 2027. The firm cut its Q3 2026 forecast to $0.28 from $0.40, Q4 2026 to $0.99 from $1.14, FY2026 to $1.73 from $2.11, and FY2027 to $1.79 from $2.38. It also reduced its Q1 and Q2 2027 forecasts to $0.27 and $0.24, respectively, and its Q3 2027 estimate to $0.31. KeyCorp maintained a “Sector Weight” rating, indicating limited conviction for near-term outperformance. KeyCorp Has Pessimistic Outlook of Pegasystems Q4 Earnings

Insiders Place Their Bets

In other news, CAO Efstathios A. Kouninis sold 750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $36.99, for a total value of $27,742.50. Following the sale, the chief accounting officer directly owned 2,144 shares of the company’s stock, valued at $79,306.56. This represents a 25.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rifat Kerim Akgonul sold 4,545 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $33.35, for a total transaction of $151,575.75. Following the completion of the transaction, the insider owned 107,070 shares of the company’s stock, valued at approximately $3,570,784.50. The trade was a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,795 shares of company stock worth $229,613. Company insiders own 48.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PEGA. Citizens Jmp downgraded Pegasystems from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. DA Davidson set a $32.00 price target on shares of Pegasystems and gave the company a “buy” rating in a report on Friday. Loop Capital downgraded shares of Pegasystems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $25.00 in a research report on Thursday, July 23rd. Barclays restated an “overweight” rating and issued a $39.00 price objective (down from $48.00) on shares of Pegasystems in a report on Thursday, July 23rd. Finally, KeyCorp cut shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Pegasystems has a consensus rating of “Hold” and an average price target of $50.10.

Get Our Latest Stock Report on PEGA

Pegasystems Stock Performance

Shares of NASDAQ:PEGA opened at $29.53 on Wednesday. The firm has a market capitalization of $4.85 billion, a P/E ratio of 16.68 and a beta of 0.87. The stock has a 50 day moving average price of $31.94 and a 200-day moving average price of $39.12. Pegasystems Inc. has a 52-week low of $25.10 and a 52-week high of $68.10.

Pegasystems (NASDAQ:PEGA – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $420.72 million for the quarter, compared to the consensus estimate of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts forecast that Pegasystems Inc. will post 1.71 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, July 1st. Pegasystems’s payout ratio is 6.78%.

Pegasystems Company Profile

(Free Report)

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.