BUZZ-Pegasystems shares drop due to decline in third-quarter profits

October 20 - ** Software company Pegasystems (PEGA.O) shares fell 4.6% in after-hours trading to $34.6

** PEGA reported third-quarter net profit of $14.1 million, or $0.08 per share, compared to $43.4 million, or $0.24 per share, for the same period last year

** According to data compiled by London Stock Exchange Group (LSEG), out of 13 brokerages covering the stock, 5 have a 'buy' or higher rating, while 8 rate it as 'hold'; the median target price is $43

** As of the close of the previous trading day, PEGA has declined 39.2% year-to-date

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