Massachusetts Financial Services Co. MA Has $3.80 Million Holdings in PagerDuty (NYSE:PD)

Massachusetts Financial Services Co. MA decreased its position in shares of PagerDuty (NYSE:PD - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 207,931 shares of the company's stock after selling 35,845 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.23% of PagerDuty worth $3,799,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PD. KBC Group NV bought a new position in PagerDuty in the 1st quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PagerDuty in the 4th quarter valued at about $130,000. Vinva Investment Management Ltd bought a new position in PagerDuty in the 4th quarter valued at about $139,000. PNC Financial Services Group Inc. raised its holdings in PagerDuty by 24.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company's stock valued at $184,000 after acquiring an additional 1,965 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in PagerDuty in the 1st quarter valued at about $229,000. Institutional investors and hedge funds own 97.26% of the company's stock.

PagerDuty Stock Performance

PagerDuty stock opened at $14.62 on Friday. PagerDuty has a 1-year low of $13.70 and a 1-year high of $22.02. The firm has a 50-day moving average of $15.42 and a 200-day moving average of $16.74. The firm has a market cap of $1.33 billion, a P/E ratio of -36.55, a P/E/G ratio of 8.77 and a beta of 0.89. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.70.

PagerDuty (NYSE:PD - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. PagerDuty had a negative net margin of 7.75% and a negative return on equity of 8.73%. The firm had revenue of $119.81 million for the quarter, compared to the consensus estimate of $118.98 million. During the same period last year, the firm earned $0.17 EPS. The company's revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that PagerDuty will post -0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PD shares. Truist Financial decreased their price target on shares of PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Canaccord Genuity Group decreased their target price on shares of PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. JPMorgan Chase & Co. decreased their target price on shares of PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, May 30th. TD Securities decreased their target price on shares of PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Morgan Stanley decreased their target price on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, PagerDuty presently has an average rating of "Hold" and a consensus target price of $19.50.

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.

Want to see what other hedge funds are holding PD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagerDuty (NYSE:PD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.