5 Dividend Stocks to Buy According to Christian Leone’s Luxor Capital

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1. Pegasystems Inc. (NASDAQ:PEGA)

Luxor Capital’s Stake Value: $40.6.82 million

Percentage of Luxor Capital’s 13F Portfolio: 3.63%

Number of Hedge Fund Holders: 25

Div. Yield: 0.15%

Pegasystems Inc. (NASDAQ:PEGA) is a publicly-traded software company that develops software for organizations’ customer relationships and business process management.

Out of the 867 hedges funds in the database of Insider Monkey, 25 funds held stakes in Pegasystems Inc. (NASDAQ:PEGA) worth $1.89 billion in the third quarter of 2021, down from 27 funds holding stakes in the firm worth $2.02 billion in the last quarter. Luxor Capital also decreased its activity in the company by 8% in the third quarter.

Carillon Tower Advisers mentioned Pegasystems Inc. (NASDAQ:PEGA) in its second-quarter investor letter. Here is what the firm said:

“Pegasystems develops software used in automating business tasks. The company’s artificial intelligence-driven recommendations for customer service contact centers is a key growth driver, and a mixed shift towards cloud computing should result in a higher valuation over time. Investors have appreciated this dynamic, sending the shares higher.”

You can also take a peek at Top Tech Stock Picks of Amir Mokari’s Emerson Point Capital and Top 10 Stock Picks of Chinese Billionaire Lei Zhang.

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