Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 879,953 shares of the software maker's stock after acquiring an additional 196,498 shares during the period. Deutsche Bank AG owned 0.33% of Workday worth $227,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. EP Wealth Advisors LLC raised its position in shares of Workday by 9.2% during the 4th quarter. EP Wealth Advisors LLC now owns 4,054 shares of the software maker's stock valued at $1,046,000 after acquiring an additional 340 shares in the last quarter. Colonial Trust Co SC raised its holdings in Workday by 223.7% during the fourth quarter. Colonial Trust Co SC now owns 450 shares of the software maker's stock valued at $116,000 after buying an additional 311 shares in the last quarter. Contour Asset Management LLC bought a new stake in Workday during the fourth quarter valued at about $183,516,000. Cetera Investment Advisers raised its stake in shares of Workday by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 48,334 shares of the software maker's stock valued at $12,472,000 after buying an additional 1,100 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Workday by 10.7% in the 4th quarter. Captrust Financial Advisors now owns 14,226 shares of the software maker's stock worth $3,671,000 after buying an additional 1,373 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insiders Place Their Bets

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This represents a 22.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This represents a 5.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,724 shares of company stock valued at $77,976,126. 19.31% of the stock is owned by company insiders.

Workday Price Performance

WDAY traded up $3.45 during trading on Tuesday, hitting $270.02. 1,470,680 shares of the company traded hands, compared to its average volume of 2,573,005. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $71.83 billion, a PE ratio of 44.78, a P/E/G ratio of 3.55 and a beta of 1.30. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock's 50-day simple moving average is $238.63 and its two-hundred day simple moving average is $252.53.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on WDAY shares. JPMorgan Chase & Co. raised their target price on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of Workday in a report on Monday, March 24th. Finally, Morgan Stanley decreased their price objective on Workday from $275.00 to $250.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average price target of $293.62.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.