Capital Research Global Investors Takes 4.3M Share Stake in Pegasystems

TL;DR

**Big investor Capital Research Global Investors just revealed a 4.3M share stake in Pegasystems.**

AI Summary

Capital Research Global Investors, a major investment firm, reported owning 4,367,728 shares of Pegasystems Inc. common stock as of December 29, 2023. This represents a significant stake, giving them sole voting and dispositive power over these shares. This matters to investors because it signals that a large institutional investor sees value in Pegasystems, potentially indicating confidence in the company's future performance.

Why It Matters

This filing shows a major institutional investor has a significant stake in Pegasystems, which can be a vote of confidence and potentially influence stock stability.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, generally seen as a positive signal and not a direct risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching Pegasystems Inc. further to understand why a major institutional investor like Capital Research Global Investors has taken such a significant stake.

Key Numbers

• 4,367,728 — Shares Beneficially Owned (Represents the total number of Pegasystems Inc. common stock shares held by Capital Research Global Investors.)
• 705573103 — CUSIP Number (Unique identifier for Pegasystems Inc. common stock.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• Pegasystems Inc. (company) — the subject company whose stock was acquired
• 4,367,728 (dollar_amount) — number of shares beneficially owned
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Other institutional investors may increase their positions in Pegasystems Inc. following this disclosure. (Pegasystems Inc.) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G) — 16KB
• 0001422848-24-000080.txt ( ) — 18KB

From the Filing

SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Pegasystems Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 705573103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 705573103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 4,367,728 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 4,367,728 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,367,728 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Pegasystems Inc. (b) Address of Issuer's Principal Executive Offices One Main Street, Cambridge, MA 02142 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 705573103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 4,367,728 ** (b) Percent of Class: 5.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 4,367,728 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 4,367,728 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 4,367,728 shares or 5.2% of the 83,555,919 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five

View Full Filing

View this SC 13G filing on SEC EDGAR