Janus Henderson Group PLC Has $55.82 Million Holdings in PagerDuty, Inc. (NYSE:PD)

Janus Henderson Group PLC lifted its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,056,795 shares of the company's stock after purchasing an additional 61,456 shares during the period. Janus Henderson Group PLC owned about 3.39% of PagerDuty worth $55,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC raised its holdings in PagerDuty by 2.0% during the 4th quarter. Barclays PLC now owns 918,762 shares of the company's stock worth $16,777,000 after buying an additional 17,642 shares during the period. Northern Trust Corp raised its holdings in shares of PagerDuty by 4.0% during the fourth quarter. Northern Trust Corp now owns 907,074 shares of the company's stock valued at $16,563,000 after acquiring an additional 35,026 shares during the period. Bank of New York Mellon Corp lifted its position in shares of PagerDuty by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company's stock valued at $16,531,000 after acquiring an additional 100,207 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in PagerDuty by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company's stock worth $15,051,000 after purchasing an additional 55,233 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in PagerDuty by 0.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 812,609 shares of the company's stock worth $14,838,000 after purchasing an additional 4,244 shares during the period. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Stock Down 1.5%

Shares of PagerDuty stock traded down $0.25 during trading on Monday, hitting $16.60. 132,336 shares of the stock traded hands, compared to its average volume of 1,083,736. The stock has a market cap of $1.51 billion, a P/E ratio of -20.77 and a beta of 0.99. The company has a fifty day moving average price of $16.51 and a two-hundred day moving average price of $18.11. PagerDuty, Inc. has a twelve month low of $14.30 and a twelve month high of $23.12. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The firm had revenue of $121.45 million during the quarter, compared to analysts' expectations of $119.53 million. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The company's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Equities research analysts predict that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

PagerDuty declared that its board has approved a stock buyback program on Thursday, March 13th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on PD shares. Morgan Stanley cut their target price on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada reduced their price objective on PagerDuty from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group decreased their price objective on PagerDuty from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group dropped their target price on PagerDuty from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Truist Financial reduced their price target on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.55.

PagerDuty 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.