Invesco Ltd. Increases Stock Position in PagerDuty $PD

Invesco Ltd. lifted its holdings in shares of PagerDuty (NYSE:PD - Free Report) by 30.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,196 shares of the company's stock after purchasing an additional 18,348 shares during the quarter. Invesco Ltd. owned about 0.09% of PagerDuty worth $1,429,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PD. Northern Trust Corp grew its position in shares of PagerDuty by 4.0% during the fourth quarter. Northern Trust Corp now owns 907,074 shares of the company's stock worth $16,563,000 after buying an additional 35,026 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of PagerDuty during the first quarter worth about $229,000. Nuveen Asset Management LLC grew its position in shares of PagerDuty by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 622,940 shares of the company's stock worth $11,375,000 after buying an additional 5,466 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of PagerDuty by 18.5% during the first quarter. Envestnet Asset Management Inc. now owns 158,541 shares of the company's stock worth $2,897,000 after buying an additional 24,777 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of PagerDuty during the first quarter worth about $33,000. Institutional investors and hedge funds own 97.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PD shares. Robert W. Baird lowered their price objective on PagerDuty from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday. TD Cowen raised PagerDuty from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research report on Monday, July 28th. Truist Financial lowered their price objective on PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. lowered their price objective on PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, May 30th. Finally, TD Securities cut their target price on PagerDuty from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, PagerDuty currently has an average rating of "Hold" and a consensus target price of $18.70.

PagerDuty Stock Down 0.5%

PD traded down $0.09 on Friday, reaching $16.48. The company's stock had a trading volume of 2,392,171 shares, compared to its average volume of 2,822,293. The stock has a 50 day moving average of $15.77 and a two-hundred day moving average of $16.09. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -103.01, a P/E/G ratio of 9.88 and a beta of 0.88. PagerDuty has a fifty-two week low of $13.69 and a fifty-two week high of $21.98.

PagerDuty Company Profile

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.