Freestone Grove Partners LP Takes Position in Pegasystems Inc. $PEGA

Posted by Stanley Muller on Aug 29th, 2026

Freestone Grove Partners LP bought a new stake in shares of Pegasystems Inc. (NASDAQ:PEGA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 209,089 shares of the technology company’s stock, valued at approximately $6,266,000. Freestone Grove Partners LP owned approximately 0.13% of Pegasystems at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PEGA. NewEdge Advisors LLC raised its position in Pegasystems by 1.4% in the third quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock valued at $785,000 after purchasing an additional 189 shares during the period. Amundi boosted its position in shares of Pegasystems by 0.6% in the fourth quarter. Amundi now owns 39,881 shares of the technology company’s stock worth $2,382,000 after buying an additional 249 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Pegasystems by 3.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,378 shares of the technology company’s stock valued at $500,000 after buying an additional 272 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Pegasystems by 1.4% in the first quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock valued at $936,000 after buying an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Pegasystems by 96.5% during the 4th quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock valued at $37,000 after buying an additional 303 shares during the period. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Pegasystems Stock Performance

Shares of PEGA opened at $36.17 on Friday. Pegasystems Inc. has a one year low of $25.10 and a one year high of $68.10. The stock has a 50-day moving average price of $31.46 and a 200 day moving average price of $36.53. The company has a market capitalization of $5.95 billion, a P/E ratio of 20.44 and a beta of 0.87.

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

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio (DPR) is presently 6.78%.

Insiders Place Their Bets

In related news, CAO Efstathios A. Kouninis sold 750 shares of Pegasystems stock in a transaction on Monday, June 1st. The shares were sold at an average price of $36.99, for a total value of $27,742.50. Following the completion of the sale, the chief accounting officer owned 2,144 shares in the company, valued at approximately $79,306.56. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rifat Kerim Akgonul sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $33.99, for a total transaction of $101,970.00. Following the completion of the sale, the insider directly owned 108,049 shares in the company, valued at $3,672,585.51. This represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,500 shares of company stock valued at $153,945. Insiders own 48.40% of the company’s stock.

Pegasystems News Summary

Here are the key news stories impacting Pegasystems this week:

Positive Sentiment: Expanded Coforge partnership: Coforge can now brand, sell and implement Pegasystems’ AI solutions, including industry-focused applications for enterprise modernization. The arrangement could broaden Pega’s distribution, accelerate adoption of its automation platform and create additional long-term revenue opportunities. Coforge expands partnership with Pega
Positive Sentiment: AI positioning is attracting buyers: Coverage highlights Pegasystems as a potential beneficiary of enterprises becoming more selective about AI deployment. Pega’s workflow automation, low-code development and governance capabilities may appeal to companies seeking practical, controlled enterprise AI rather than experimental tools. The stock also benefited from a broader software-sector rally following Salesforce’s strong results, particularly among beaten-down agentic-AI names. Could Pegasystems Stock Win as Enterprises Rethink AI Deployment?
Neutral Sentiment: Insider transaction was limited: Chief Product Officer Rifat Kerim Akgonul sold 3,000 shares for approximately $101,970, reducing his holdings by about 2.7%. The sale may prompt caution, but he continues to own more than 108,000 shares, limiting the significance of the transaction by itself. Pegasystems Insider Sells Stock
Negative Sentiment: Analyst downgrade and legal investigation: Zacks Research downgraded PEGA from “hold” to “strong sell.” Separately, Pomerantz LLP announced an investigation into potential claims on behalf of investors, creating a possible legal overhang and additional volatility. Pomerantz Investor Alert

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEGA. Zacks Research cut Pegasystems from a “hold” rating to a “strong sell” rating in a report on Tuesday. Citizens Jmp lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. DA Davidson set a $32.00 price objective on shares of Pegasystems and gave the company a “buy” rating in a research note on Friday, July 24th. Barclays reissued an “overweight” rating and set a $39.00 target price (down from $48.00) on shares of Pegasystems in a research report on Thursday, July 23rd. Finally, KeyCorp lowered shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Pegasystems presently has a consensus rating of “Hold” and an average price target of $50.10.

Get Our Latest Report on Pegasystems

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.