Published on 18 Oct 2021 on Insider Monkey via Yahoo Finance

Hedge Funds Aren’t Crazy About Pegasystems Inc. (PEGA) Anymore

The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards Pegasystems Inc. (NASDAQ:PEGA).

Is Pegasystems Inc. (NASDAQ:PEGA) ready to rally soon? Prominent investors were getting less bullish. The number of long hedge fund bets fell by 8 in recent months. Pegasystems Inc. (NASDAQ:PEGA) was in 27 hedge funds' portfolios at the end of June. The all time high for this statistic is 35. Our calculations also showed that PEGA isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

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