Herald Investment Management LTD Has Cut Pegasystems (PEGA) Stake; AK Steel Holding (AKS) Shorts Lowered By 0.27%

October 13, 2017 - By Peter Erickson

AK Steel Holding Corporation (NYSE:AKS) had a decrease of 0.27% in short interest. AKS’s SI was 68.83M shares in October as released by FINRA. Its down 0.27% from 69.02 million shares previously. With 14.10 million avg volume, 5 days are for AK Steel Holding Corporation (NYSE:AKS)’s short sellers to cover AKS’s short positions. The SI to AK Steel Holding Corporation’s float is 21.99%. About 19.62M shares traded or 41.35% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since October 13, 2016 and is uptrending. It has outperformed by 41.42% the S&P500.

Herald Investment Management Ltd decreased Pegasystems Inc (PEGA) stake by 11.15% reported in 2017Q2 SEC filing. Herald Investment Management Ltd sold 42,500 shares as Pegasystems Inc (PEGA)’s stock rose 38.99%. The Herald Investment Management Ltd holds 338,500 shares with $19.73 million value, down from 381,000 last quarter. Pegasystems Inc now has $4.72 billion valuation. The stock rose 0.75% or $0.45 reaching $60.75. About 45,324 shares traded. Pegasystems Inc. (NASDAQ:PEGA) has risen 126.00% since October 13, 2016 and is uptrending. It has outperformed by 109.30% the S&P500.

Among 5 analysts covering Pegasystems (NASDAQ:PEGA), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Pegasystems had 14 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, February 24 by Wedbush. Benchmark upgraded the shares of PEGA in report on Tuesday, March 7 to “Buy” rating. The rating was initiated by JMP Securities with “Mkt Outperform” on Friday, September 11. Wedbush maintained Pegasystems Inc. (NASDAQ:PEGA) rating on Thursday, November 3. Wedbush has “Outperform” rating and $34 target. The stock of Pegasystems Inc. (NASDAQ:PEGA) earned “Outperform” rating by Wedbush on Wednesday, December 21. The company was downgraded on Monday, November 14 by Sidoti. The firm has “Buy” rating given on Tuesday, June 6 by Benchmark. Mitsubishi UFJ maintained Pegasystems Inc. (NASDAQ:PEGA) on Thursday, August 10 with “Buy” rating. The company was maintained on Wednesday, October 28 by Benchmark. The firm earned “Outperform” rating on Thursday, January 26 by Wedbush.

Analysts await Pegasystems Inc. (NASDAQ:PEGA) to report earnings on November, 1. They expect $0.05 EPS, down 28.57% or $0.02 from last year’s $0.07 per share. PEGA’s profit will be $3.88 million for 303.75 P/E if the $0.05 EPS becomes a reality. After $0.04 actual EPS reported by Pegasystems Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Since May 1, 2017, it had 0 buys, and 14 insider sales for $4.53 million activity. 13,787 shares were sold by KRA DOUGLAS I, worth $814,950. 19,600 shares were sold by JONES RICHARD H, worth $1.09 million. OHALLORAN JAMES P sold 1,151 shares worth $69,923. $582,546 worth of stock was sold by Trefler Leon on Wednesday, June 7. PYLE MICHAEL R also sold $83,995 worth of Pegasystems Inc. (NASDAQ:PEGA) on Tuesday, May 2. 581 shares valued at $34,512 were sold by KOUNINIS EFSTATHIOS A on Friday, June 2.

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.13, from 1.05 in 2017Q1. It increased, as 16 investors sold PEGA shares while 50 reduced holdings. 34 funds opened positions while 44 raised stakes. 33.44 million shares or 2.16% more from 32.73 million shares in 2017Q1 were reported. Hbk Lp reported 10,100 shares or 0.01% of all its holdings. G2 Prns Limited Liability, New York-based fund reported 95,375 shares. Aqr Cap Mgmt Ltd owns 42,428 shares for 0% of their portfolio. Bamco Incorporated New York has 1.20 million shares for 0.36% of their portfolio. Menta Limited Liability has 7,000 shares for 0.05% of their portfolio. Vanguard Group reported 3.01M shares stake. Principal reported 0% in Pegasystems Inc. (NASDAQ:PEGA). Invesco holds 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA) for 249,115 shares. The Pennsylvania-based Pnc Financial Ser has invested 0% in Pegasystems Inc. (NASDAQ:PEGA). 16,650 are held by Tocqueville Asset Limited Partnership. 1.20M were reported by Tpg Grp Inc (Sbs) Inc. Aberdeen Asset Mgmt Pcl Uk, United Kingdom-based fund reported 846,563 shares. California State Teachers Retirement Sys stated it has 64,921 shares. Evercore Wealth Management Limited Company stated it has 0% of its portfolio in Pegasystems Inc. (NASDAQ:PEGA). Strs Ohio holds 19,900 shares.

Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. AK Steel Holding Corporation had 64 analyst reports since July 29, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $5.50 target in Wednesday, July 27 report. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Underperform” rating by Bank of America on Monday, October 26. The rating was upgraded by Morgan Stanley on Monday, November 14 to “Overweight”. The stock has “Hold” rating by BMO Capital Markets on Friday, July 28. Jefferies maintained it with “Buy” rating and $900 target in Monday, June 26 report. The firm has “Neutral” rating given on Tuesday, September 8 by Bank of America. The firm earned “Hold” rating on Tuesday, June 27 by BMO Capital Markets. As per Monday, June 19, the company rating was upgraded by Longbow. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, August 29. Deutsche Bank maintained it with “Hold” rating and $1 target in Monday, December 5 report.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation . The company has market cap of $1.82 billion. The Firm also operates blast furnaces and electric arc furnaces. It has a 15.22 P/E ratio. As of December 31, 2016, its activities included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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