Dimensional Fund Advisors LP Invests $6.07 Million in PagerDuty $PD

Key Points

• Dimensional Fund Advisors acquired 978,159 PagerDuty shares worth approximately $6.07 million, representing about 1.15% of the company. Institutional investors and hedge funds collectively own 97.26% of PagerDuty.
• Analysts maintain a mixed outlook, with three Buy, five Hold, and three Sell ratings. PagerDuty has a consensus rating of Hold and an average price target of $11.50.
• PagerDuty exceeded quarterly earnings expectations, reporting $0.32 in EPS versus the $0.24 consensus and $120.97 million in revenue. The company also authorized a $100 million share repurchase program, covering up to 16.4% of outstanding shares.

Dimensional Fund Advisors LP acquired a new stake in shares of PagerDuty (NYSE:PD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 978,159 shares of the company's stock, valued at approximately $6,074,000. Dimensional Fund Advisors LP owned about 1.15% of PagerDuty as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in PagerDuty by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company's stock valued at $171,307,000 after buying an additional 472,975 shares during the last quarter. Geode Capital Management LLC grew its position in shares of PagerDuty by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company's stock worth $27,708,000 after acquiring an additional 58,881 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company's stock worth $23,961,000 after acquiring an additional 1,115,577 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of PagerDuty by 0.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company's stock worth $14,329,000 after acquiring an additional 3,276 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of PagerDuty by 55.4% in the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company's stock worth $18,363,000 after acquiring an additional 358,347 shares during the period. Institutional investors and hedge funds own 97.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PD. Royal Bank Of Canada lifted their price objective on shares of PagerDuty from $8.00 to $9.00 and gave the company a "sector perform" rating in a research report on Friday, May 29th. Weiss Ratings upgraded shares of PagerDuty from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, July 13th. Truist Financial boosted their price objective on PagerDuty from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Canaccord Genuity Group raised their target price on PagerDuty from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded PagerDuty from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, PagerDuty has a consensus rating of "Hold" and a consensus price target of $11.50.

PagerDuty Price Performance

Shares of PagerDuty stock opened at $11.84 on Wednesday. PagerDuty has a 52 week low of $5.70 and a 52 week high of $17.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. The stock has a market cap of $913.02 million, a PE ratio of 5.80, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The company's 50-day moving average price is $9.82 and its two-hundred day moving average price is $8.23.

PagerDuty (NYSE:PD - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. The company had revenue of $120.97 million for the quarter, compared to analysts' expectations of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, sell-side analysts anticipate that PagerDuty will post 0.58 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has initiated a share repurchase program on Thursday, May 28th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 16.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.

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