Teacher Retirement System of Texas Acquires New Position in PagerDuty (NYSE:PD)

Teacher Retirement System of Texas acquired a new stake in shares of PagerDuty (NYSE:PD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,547 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its holdings in shares of PagerDuty by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company’s stock valued at $55,817,000 after acquiring an additional 61,456 shares in the last quarter. Barclays PLC grew its stake in shares of PagerDuty by 2.0% during the fourth quarter. Barclays PLC now owns 918,762 shares of the company’s stock worth $16,777,000 after acquiring an additional 17,642 shares during the last quarter. Northern Trust Corp grew its stake 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 acquiring an additional 35,026 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of PagerDuty by 0.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 812,609 shares of the company’s stock worth $14,838,000 after acquiring an additional 4,244 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of PagerDuty by 0.5% during the fourth quarter. Deutsche Bank AG now owns 799,051 shares of the company’s stock worth $14,591,000 after acquiring an additional 3,691 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PagerDuty Trading Down 0.2%

PD stock opened at $14.62 on Friday. 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. PagerDuty has a 1-year low of $13.70 and a 1-year high of $22.02. The business’s 50 day moving average is $15.42 and its 200-day moving average is $16.74. 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) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $119.81 million for the quarter, compared to the consensus estimate of $118.98 million. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Equities analysts anticipate that PagerDuty will post -0.27 earnings per share for the current fiscal year.

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.