Pegasystems Inc. $PEGA Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Posted by Francis Steltz on Nov 3rd, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Pegasystems Inc. (NASDAQ:PEGA – Free Report) by 64.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 97,350 shares of the technology company’s stock after purchasing an additional 38,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Pegasystems worth $3,240,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Pegasystems during the second quarter valued at approximately $286,923,000. First Trust Advisors LP increased its position in shares of Pegasystems by 44.4% in the first quarter. First Trust Advisors LP now owns 2,048,599 shares of the technology company’s stock worth $87,188,000 after acquiring an additional 630,023 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Pegasystems by 26.4% in the third quarter. Copeland Capital Management LLC now owns 1,777,785 shares of the technology company’s stock worth $59,165,000 after acquiring an additional 370,824 shares in the last quarter. Ranger Investment Management L.P. increased its position in shares of Pegasystems by 15.6% in the first quarter. Ranger Investment Management L.P. now owns 1,052,849 shares of the technology company’s stock worth $44,809,000 after acquiring an additional 141,873 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Pegasystems by 52.9% in the 1st quarter. Sei Investments Co. now owns 1,052,205 shares of the technology company’s stock valued at $44,782,000 after acquiring an additional 363,896 shares during the period. Institutional investors and hedge funds own 46.89% of the company’s stock.

Insiders Place Their Bets

In related news, Director Larry Weber sold 2,974 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $33.71, for a total transaction of $100,253.54. Following the completion of the sale, the director directly owned 11,526 shares of the company’s stock, valued at approximately $388,541.46. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kerim Akgonul sold 7,084 shares of Pegasystems stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $35.22, for a total transaction of $249,498.48. Following the sale, the insider directly owned 97,958 shares in the company, valued at $3,450,080.76. This trade represents a 6.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 63,730 shares of company stock valued at $2,271,409. Corporate insiders own 48.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on PEGA shares. Weiss Ratings lowered shares of Pegasystems from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price target (up from $35.00) on shares of Pegasystems in a research report on Thursday, October 22nd. Yorkville Ives began coverage on Pegasystems in a report on Wednesday, October 7th. They issued an “outperform” rating and a $43.00 price target for the company. Loop Capital downgraded Pegasystems from a “buy” rating to a “hold” rating and lowered their price target for the company from $55.00 to $25.00 in a report on Thursday, July 23rd. Finally, DA Davidson set a $35.00 price objective on Pegasystems in a research report on Thursday, October 22nd. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Pegasystems presently has an average rating of “Hold” and a consensus price target of $45.73.

Check Out Our Latest Research Report on Pegasystems

Pegasystems Stock Performance

Pegasystems stock opened at $34.58 on Tuesday. The firm has a market capitalization of $5.66 billion, a PE ratio of 21.48 and a beta of 0.89. Pegasystems Inc. has a one year low of $25.10 and a one year high of $63.97. The stock’s 50 day moving average price is $35.31 and its 200 day moving average price is $37.16.

Pegasystems (NASDAQ:PEGA – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.10). The firm had revenue of $393.36 million during the quarter, compared to analyst estimates of $421.06 million. Pegasystems had a net margin of 16.86% and a return on equity of 35.22%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, analysts forecast that Pegasystems Inc. will post 1.42 earnings per share for the current fiscal year.

Pegasystems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a $0.03 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Pegasystems’s dividend payout ratio is 7.45%.

Pegasystems Company Profile

(Free Report)

Pegasystems Inc is a software company that develops enterprise applications for customer engagement, workflow automation and business process management. Its technology helps organizations manage customer interactions, automate repetitive work, coordinate complex processes and make data-driven decisions across departments and channels.

The company’s portfolio includes Pega Platform, a low-code application development and workflow platform, along with solutions for customer service, sales automation, marketing, decisioning and artificial intelligence.