$PEGA

Pegasystems (NASDAQ: PEGA) launched its first-ever National Internship Program, a five-week, 100% virtual initiative with AICTE and SmartBridge Educational Services, at PegAInnovate. The program covers generative AI with Pega Blueprint, agentic engineering, workflow automation, and enterprise transformation. Pega says it drew 10,000 registrations in 10 days and nearly 75,000 students across 1,500 colleges, preceding a planned August 2026 university program.

Pegasystems Inc. (NASDAQ: PEGA) said it will pay a previously declared special cash dividend of $7 million on Sept. 16, 2026 to shareholders of record Aug. 17, 2026, excluding certain shareholders. The dividend follows a settlement of derivative litigation, with the cases dismissed with prejudice and the appeal period expired July 25, 2026.

Pegasystems (PEGA) said it will pay a previously declared special cash dividend totaling $7M on Sept. 16 to shareholders of record Aug. 17, excluding certain shareholders per a settlement. The settlement resolved derivative litigation, with the cases dismissed with prejudice and the appeal period ending July 25.

Pegasystems said it is moving from per-token pricing for its AI services to an outcome-based model, aiming to reduce AI operating costs. The company estimates its design-first approach via its Blueprint platform could cut AI operations 10 to 20 times versus token-based methods. Pegasystems also highlighted its India engineering hub with 1,966 employees.

Pegasystems (NASDAQ: PEGA) said it is expanding its University Academic Program at PEGAInnovate by adding three new implementation partners, ai4process, The Skill Enhancers, and Tinkr Learning, alongside SmartBridge Educational Services. The August 2026 rollout targets 500+ students in year one, scaling to 800-1,000 across 50+ campuses in India.

Pegasystems Inc. (Pega) shares rose 7.2% to $28.74 after multiple analysts updated coverage following downgrades that cut average price targets by 35.1%. DA Davidson kept a Buy but lowered its target to $32, RBC kept Outperform to $35, and Barclays kept Overweight to $39. Average new target is $36.

DA Davidson cut its Pegasystems (NASDAQ:PEGA) price target to $32 from $55 while keeping a Buy rating, citing AI-related uncertainty and a weaker near-term demand environment. The firm said Pegasystems’ Q2 results missed expectations as growth decelerated. Pegasystems reported adjusted EPS of $0.35 on revenue of $420.72M, below forecasts.

US MBA mortgage applications rose 1.9% in the week ended July 17; the 30-year fixed rate rose 4 bp to 6.69%. Markets look ahead to Q2 earnings, with Bloomberg Intelligence forecasting +23% growth. Stocks were mixed globally. US 10-year yields rose to 4.655% as WTI climbed. Several company movers were cited, including TEAM, WDAY, GEV, SMCI, WAB, and GOOGL ahead of earnings.

Nasdaq futures slipped as chip and AI stocks pulled back ahead of Alphabet (GOOGL) and Tesla (TSLA) earnings after the bell. The House passed a short-term funding bill to Dec. 4. Trump said drug makers face 100% tariffs from Aug. 2028. Investors also watched EIA crude inventories, UK CPI, and U.S. rate and Treasury yields.

A Wall Street analyst roundup cites macro moves and multiple stock rating changes. JPMorgan was upgraded to Buy at Deutsche Bank with a $375 target. AT&T was raised to Outperform at Wolfe Research with a $29 target. Pegasystems’ target was cut to $25. Applied Digital, Autodesk, Exxon Mobil, Live Nation, and Tyler Technologies received new initiations with stated targets.