PEGANasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
PEGASYSTEMS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 20, 2026
$35.04+0.50 (+1.45%)
Close on Oct 19, 2026
- Market cap
- $6.02B
- P/E (TTM)
- 19.8
- Dividend yield
- 0.30%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
57.9%
95M of 164M shares
Institutional holders
435
67 new, 110 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
0 buys · 54 sales
Net sold $27.29M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,671,803 | 5.10% | 13G (passive) | Jun 30, 2025 |
| Trefler Alan | 79,491,956 | 46.00% | 13G (passive) amendment | Jun 30, 2025 |
| Alan Trefler | 79,197,377 | 46.00% | 13G (passive) amendment | Sep 30, 2025 |
| Brian Bares | – | – | 13G (passive) amendment | Aug 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PEGA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9,573,688 | 5.82% | $286.92M | −63,330 | 0.00% |
| Vanguard Portfolio Management LLC | 6,455,250 | 3.93% | $193.46M | +93,327 | 0.01% |
| Aqr Capital Management LLC | 4,919,642 | 2.99% | $147.44M | +380,090 | 0.05% |
| Vanguard Capital Management LLC | 4,128,720 | 2.51% | $123.74M | −31,736 | 0.00% |
| Massachusetts Financial Services Co /Ma/ | 3,031,497 | 1.84% | $91.40M | +654,445 | 0.03% |
| First Trust Advisors LP | 2,958,357 | 1.80% | $88.66M | +909,758 | 0.05% |
| State Street Corp | 2,933,479 | 1.78% | $87.92M | +77,451 | 0.00% |
| Dimensional Fund Advisors LP | 2,683,002 | 1.63% | $80.42M | +163,980 | 0.01% |
| Geode Capital Management, LLC | 2,585,227 | 1.57% | $77.49M | +66,414 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 2,018,528 | 1.23% | $60.50M | +1,399,775 | 0.03% |
| Lynrock Lake LP | 1,782,640 | 1.08% | $53.43M | New | 3.37% |
| Invesco Ltd. | 1,594,388 | 0.97% | $47.78M | +542,369 | 0.00% |
| Thrivent Financial for Lutherans | 1,505,739 | 0.92% | $45.08K | −7,516 | 0.08% |
| Price T Rowe Associates Inc /Md/ | 1,444,522 | 0.88% | $43.29K | +504,375 | 0.00% |
| Copeland Capital Management, LLC | 1,406,961 | 0.86% | $42.17M | +283,443 | 0.87% |
| Boston Partners | 1,347,755 | 0.82% | $40.44M | −108,929 | 0.04% |
| Morgan Stanley | 1,171,814 | 0.71% | $35.12M | +371,252 | 0.00% |
| Capital Impact Advisors, LLC | 1,133,361 | 0.69% | $33.97M | +1,007,518 | 1.90% |
| Federated Hermes, Inc. | 1,130,567 | 0.69% | $33.88M | +795,726 | 0.05% |
| Jacobs Levy Equity Management, Inc | 1,117,570 | 0.68% | $33.49M | −361,305 | 0.12% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 435 | 95M | 57.9% | 67 / 175 | 157 / 110 | 18M | 15M |
| Q1 2026 | 484 | 93M | 56.4% | 100 / 209 | 132 / 83 | 27M | 21M |
| Q4 2025 | 473 | 98M | 59.3% | 95 / 164 | 166 / 40 | 11M | 8M |
| Q3 2025 | 426 | 98M | 59.4% | 79 / 162 | 135 / 62 | 13M | 10M |
| Q2 2025 | 415 | 95M | 57.7% | 144 / 145 | 99 / 54 | 20M | 14M |
| Q1 2025 | 328 | 89M | 54.2% | 84 / 129 | 82 / 71 | 19M | 14M |
| Q4 2024 | 321 | 85M | 51.8% | 67 / 117 | 96 / 42 | 15M | 12M |
| Q3 2024 | 301 | 83M | 50.3% | 67 / 116 | 76 / 44 | 23M | 17M |
| Q2 2024 | 280 | 82M | 50.2% | 56 / 112 | 83 / 40 | 14M | 12M |
| Q1 2024 | 266 | 80M | 48.9% | 55 / 96 | 84 / 25 | 11M | 9M |
| Q4 2023 | 239 | 79M | 47.8% | 64 / 78 | 65 / 12 | 9M | 9M |
| Q3 2023 | 190 | 79M | 48.3% | 39 / 61 | 58 / 19 | 5M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PEGA | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 3,085,408 | 1.88% | $92.47M | 0.07% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,926,860 | 1.78% | $87.72M | 0.00% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 2,278,202 | 1.39% | $81.40M | 0.05% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 2,108,747 | 1.28% | $63.20M | 0.03% | Jun 30, 2026 |
| First Trust SMID Cap Rising Dividend Achievers ETF | 2,039,090 | 1.24% | $61.11M | 0.54% | Jun 30, 2026 |
| MFS Mid Cap Value Fund | 1,720,440 | 1.05% | $51.56M | 0.30% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,217,039 | 0.74% | $36.47M | 0.08% | Jun 30, 2026 |
| ERShares Private-Public Crossover ETF | 1,139,801 | 0.69% | $34.16M | 1.56% | Jun 30, 2026 |
| Invesco S&P MidCap Quality ETF | 1,123,675 | 0.68% | $34.33M | 0.63% | Jul 31, 2026 |
| Fullerthaler Behavioral Small Cap Equity | 1,068,036 | 0.65% | $32.01M | 0.25% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,035,137 | 0.63% | $31.02M | 0.03% | Jun 30, 2026 |
| Thrivent Small Cap Stock Fund | 1,032,317 | 0.63% | $31.54M | 1.08% | Jul 31, 2026 |
| Federated Hermes MDT Mid Cap Growth Fund | 616,175 | 0.37% | $18.82M | 0.29% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 584,470 | 0.36% | $17.86M | 0.09% | Jul 31, 2026 |
| First Trust Technology AlphaDEX Fund | 567,522 | 0.35% | $17.34M | 0.67% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Alan Trefler | C.E.O. & Chairman, Director, 10% owner | 76,852,285 | 46.75% | Sep 16, 2026 |
| Efstathios A. Kouninis | SVP, Chief Accounting Officer | 1,009 | 0.00% | Sep 17, 2026 |
| Rifat Kerim Akgonul | Chief Product Officer | 104,804 | 0.06% | Sep 15, 2026 |
| Kenneth Stillwell | COO, CFO | 97,133 | 0.06% | Sep 15, 2026 |
| John Gerard Higgins | Chief, Client &Partner Success | 60,110 | 0.04% | Sep 9, 2026 |
| Leon Trefler | Chief of Clients and Markets | 131,651 | 0.08% | Sep 9, 2026 |
| Dianne Ledingham | Director | 39,280 | 0.02% | Sep 17, 2026 |
| Rohit Ghai | Director | 7,266 | 0.00% | Aug 18, 2026 |
| Larry Weber | Director | 14,500 | 0.01% | Aug 18, 2026 |
| Peter Gyenes | Director | 30,586 | 0.02% | Aug 18, 2026 |
| Christopher Lafond | Director | 25,548 | 0.02% | Aug 18, 2026 |
| Sharon T. Rowlands | Director | 71,598 | 0.04% | Aug 18, 2026 |
| Richard H. Jones | Director | 963,460 | 0.59% | Aug 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 16, 2026 | Sale | −982 | $37.35 | $36.68K | 1,009 |
| Dianne Ledingham Director | Sep 15, 2026 | Sale(10b5-1 plan) | −1,000 | $38.00 | $38.00K | 39,280 |
| Alan Trefler C.E.O. & Chairman, Director, 10% owner | Sep 14, 2026 | Gift | +5,399,303 | – | – | 16,275,828 |
| Alan Trefler C.E.O. & Chairman, Director, 10% owner | Sep 14, 2026 | Gift | −2,999,613 | – | – | 0 |
| Alan Trefler C.E.O. & Chairman, Director, 10% owner | Sep 14, 2026 | Gift | −2,399,690 | – | – | 0 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 11, 2026 | Sale | −7,000 | $36.03 | $252.21K | 104,804 |
| Kenneth Stillwell COO, CFO | Sep 11, 2026 | Sale | −39,627 | $35.77 | $1.42M | 95,225 |
| Kenneth Stillwell COO, CFO | Sep 7, 2026 | Option exercise | +5,220 | – | – | 136,907 |
| Kenneth Stillwell COO, CFO | Sep 7, 2026 | Tax withholding | −2,055 | $37.36 | $76.77K | 134,852 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 7, 2026 | Option exercise | +334 | – | – | 2,073 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 7, 2026 | Tax withholding | −82 | $37.36 | $3.06K | 1,991 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 7, 2026 | Tax withholding | −1,273 | $37.36 | $47.56K | 60,110 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 7, 2026 | Option exercise | +2,280 | – | – | 61,383 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 7, 2026 | Tax withholding | −1,103 | $37.36 | $41.21K | 111,804 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 7, 2026 | Option exercise | +2,280 | – | – | 112,907 |
| Leon Trefler Chief of Clients and Markets | Sep 7, 2026 | Tax withholding | −1,046 | $37.36 | $39.08K | 131,651 |
| Leon Trefler Chief of Clients and Markets | Sep 7, 2026 | Option exercise | +2,658 | – | – | 132,697 |
| Kenneth Stillwell COO, CFO | Sep 5, 2026 | Tax withholding | −1,733 | $37.36 | $64.74K | 131,687 |
| Kenneth Stillwell COO, CFO | Sep 5, 2026 | Option exercise | +4,402 | – | – | 133,420 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 5, 2026 | Option exercise | +440 | – | – | 1,847 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 5, 2026 | Tax withholding | −108 | $37.36 | $4.03K | 1,739 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 5, 2026 | Option exercise | +2,202 | – | – | 60,332 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 5, 2026 | Tax withholding | −1,229 | $37.36 | $45.92K | 59,103 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 5, 2026 | Tax withholding | −1,065 | $37.36 | $39.79K | 110,627 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 5, 2026 | Option exercise | +2,202 | – | – | 111,692 |
| Leon Trefler Chief of Clients and Markets | Sep 5, 2026 | Tax withholding | −867 | $37.36 | $32.39K | 130,039 |
| Leon Trefler Chief of Clients and Markets | Sep 5, 2026 | Option exercise | +2,202 | – | – | 130,906 |
| Kenneth Stillwell COO, CFO | Sep 4, 2026 | Option exercise | +3,232 | – | – | 130,290 |
| Kenneth Stillwell COO, CFO | Sep 4, 2026 | Tax withholding | −1,272 | $37.72 | $47.98K | 129,018 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 4, 2026 | Option exercise | +322 | – | – | 1,486 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 4, 2026 | Tax withholding | −79 | $37.72 | $2.98K | 1,407 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 4, 2026 | Option exercise | +1,616 | – | – | 59,032 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 4, 2026 | Tax withholding | −902 | $37.72 | $34.02K | 58,130 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 4, 2026 | Tax withholding | −782 | $37.72 | $29.50K | 109,490 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 4, 2026 | Option exercise | +1,616 | – | – | 110,272 |
| Leon Trefler Chief of Clients and Markets | Sep 4, 2026 | Tax withholding | −636 | $37.72 | $23.99K | 128,704 |
| Leon Trefler Chief of Clients and Markets | Sep 4, 2026 | Option exercise | +1,616 | – | – | 129,340 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 3, 2026 | Option exercise | +2,500 | $16.95 | $42.38K | 3,664 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 3, 2026 | Tax withholding | −1,437 | $38.75 | $55.68K | 2,227 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 3, 2026 | Sale | −1,063 | $38.75 | $41.19K | 1,164 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 1, 2026 | Tax withholding | −104 | $36.81 | $3.83K | 57,334 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 1, 2026 | Option exercise | +1,030 | – | – | 57,827 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 1, 2026 | Tax withholding | −575 | $36.81 | $21.17K | 57,252 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 1, 2026 | Option exercise | +186 | – | – | 57,438 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 1, 2026 | Option exercise | +186 | – | – | 57,520 |
| John Gerard Higgins Chief, Client &Partner Success | Sep 1, 2026 | Tax withholding | −104 | $36.81 | $3.83K | 57,416 |
| Kenneth Stillwell COO, CFO | Sep 1, 2026 | Tax withholding | −925 | $36.81 | $34.05K | 127,058 |
| Kenneth Stillwell COO, CFO | Sep 1, 2026 | Option exercise | +2,350 | – | – | 127,983 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 1, 2026 | Tax withholding | −51 | $36.81 | $1.88K | 1,164 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Sep 1, 2026 | Option exercise | +206 | – | – | 1,215 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 1, 2026 | Option exercise | +1,176 | – | – | 109,225 |
| Rifat Kerim Akgonul Chief Product Officer | Sep 1, 2026 | Tax withholding | −569 | $36.81 | $20.94K | 108,656 |
| Leon Trefler Chief of Clients and Markets | Sep 1, 2026 | Tax withholding | −463 | $36.81 | $17.04K | 127,724 |
| Leon Trefler Chief of Clients and Markets | Sep 1, 2026 | Option exercise | +1,176 | – | – | 128,187 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Aug 31, 2026 | Sale | −1,012 | $36.50 | $36.94K | 1,009 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Aug 31, 2026 | Option exercise | +2,500 | $16.95 | $42.38K | 3,509 |
| Efstathios A. Kouninis SVP, Chief Accounting Officer | Aug 31, 2026 | Tax withholding | −1,488 | $36.50 | $54.31K | 2,021 |
| Rifat Kerim Akgonul Chief Product Officer | Aug 25, 2026 | Sale | −1,700 | $33.98 | $57.77K | 109,349 |
| Rifat Kerim Akgonul Chief Product Officer | Aug 25, 2026 | Sale | −1,300 | $34.00 | $44.20K | 108,049 |
| Dianne Ledingham Director | Aug 25, 2026 | Gift | +6,242 | – | – | 40,280 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ledingham Family Legacy Trust U/A DTD 3/12/2025 Dianne Affiliate of the Director | Oct 1, 2026 | 1,000 | $34.15K | Oct 1, 2026 | RSU Vest |
| A. Kouninis Efstathios Officer | Sep 16, 2026 | 982 | $36.68K | Sep 16, 2026 | Restricted Stock Vesting Under a Registered Plan |
| Ledingham Family Legacy Trust U/A DTD 3/12/2025 Dianne Affiliate of the Director | Sep 15, 2026 | 1,000 | $38.00K | Sep 15, 2026 | RSU Vest |
| Stillwell Kenneth Jr. Officer | Sep 11, 2026 | 39,627 | $1.42M | Sep 11, 2026 | Restricted Stock Vesting Under a Registered Plan |
| Kerim Akgonul Rifat Officer | Sep 11, 2026 | 7,000 | $252.21K | Sep 11, 2026 | Previously Exercised Options |
| A. Kouninis Efstathios Officer | Sep 3, 2026 | 1,063 | $41.19K | Sep 3, 2026 | Exercise of Options Under a Registered Plan |
| A. Kouninis Efstathios Officer | Aug 31, 2026 | 1,012 | $36.94K | Aug 31, 2026 | Exercise of Options Under a Registered Plan |
| Kerim Akgonul Rifat Officer | Aug 25, 2026 | 3,000 | $101.97K | Aug 25, 2026 | Previously Exercised Options |
| A. Kouninis Efstathios Officer | Aug 10, 2026 | 860 | $28.47K | Aug 10, 2026 | Restricted Stock Vesting Under a Registered Plan |
| A. Kouninis Efstathios Officer | Aug 7, 2026 | 860 | $27.78K | Aug 7, 2026 | Restricted Stock Vesting Under a Registered Plan |
| A. Kouninis Efstathios Officer | Jun 16, 2026 | 750 | $24.24K | Jun 16, 2026 | Restricted Stock Vesting Under a Registered Plan |
| Alan Trefler Officer, 10% Stockholder | Jun 15, 2026 | 50,000 | $1.63M | Jun 15, 2026 | Gift |
| A. Kouninis Efstathios Officer | Jun 1, 2026 | 750 | $27.74K | Jun 1, 2026 | Restricted stock vesting under a registered plan |
| A. Kouninis Efstathios Officer | May 29, 2026 | 750 | $26.06K | May 29, 2026 | Restricted stock vesting under a registered plan |
| Kerim Akgonul Rifat Officer | May 19, 2026 | 4,545 | $151.58K | May 19, 2026 | Restricted stock vesting under a registered plan |