Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in PagerDuty (NYSE:PD)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PagerDuty (NYSE:PD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,480 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds have also recently bought and sold shares of PD. Allianz Asset Management GmbH bought a new position in PagerDuty during the 1st quarter worth about $274,000. Victory Capital Management Inc. boosted its position in shares of PagerDuty by 479.2% during the first quarter. Victory Capital Management Inc. now owns 60,509 shares of the company’s stock worth $1,105,000 after buying an additional 50,062 shares during the period. Envestnet Asset Management Inc. grew its holdings 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. Bank of New York Mellon Corp grew its holdings in shares of PagerDuty by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company’s stock worth $18,456,000 after buying an additional 104,838 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in PagerDuty in the 1st quarter valued at approximately $229,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Up 1.7%

Shares of PD opened at $15.72 on Tuesday. The firm has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $16.56. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.02 and a quick ratio of 2.02. PagerDuty has a one year low of $13.69 and a one year high of $21.98. The company has a market cap of $1.43 billion, a P/E ratio of -39.29, a P/E/G ratio of 9.59 and a beta of 0.89.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $119.81 million for the quarter, compared to analysts’ expectations of $118.98 million. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. Research analysts forecast that PagerDuty will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TD Securities decreased their price target on PagerDuty from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, May 21st. Royal Bank Of Canada cut their price objective on PagerDuty from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, May 30th. Canaccord Genuity Group lowered their target price on shares of PagerDuty from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, June 2nd. Cowen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.75.

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.