Quantinno Capital Management LP Grows Stock Holdings in PagerDuty $PD

Quantinno Capital Management LP grew its position in shares of PagerDuty (NYSE:PD) by 552.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,792 shares of the company’s stock after acquiring an additional 294,447 shares during the period. Quantinno Capital Management LP owned about 0.41% of PagerDuty worth $2,160,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in PagerDuty by 60.8% during the 1st quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock valued at $1,764,000 after purchasing an additional 36,517 shares during the period. AQR Capital Management LLC grew its position in shares of PagerDuty by 110.6% in the 1st quarter. AQR Capital Management LLC now owns 147,127 shares of the company’s stock worth $2,679,000 after buying an additional 77,251 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PagerDuty by 1.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after buying an additional 671 shares during the last quarter. Millennium Management LLC increased its stake in shares of PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after buying an additional 358,347 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of PagerDuty during the first quarter valued at approximately $556,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial raised their price target on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Canaccord Genuity Group upped their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Morgan Stanley cut shares of PagerDuty from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $10.00 to $9.00 in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada lifted their target price on shares of PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.50.

PagerDuty Price Performance

Shares of NYSE PD opened at $11.92 on Tuesday. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $17.29. The company has a 50 day simple moving average of $9.79 and a two-hundred day simple moving average of $8.22. The company has a market capitalization of $919.27 million, a price-to-earnings ratio of 5.84, a P/E/G ratio of 3.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to analysts’ expectations of $119.52 million. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Analysts expect that PagerDuty will post 0.58 EPS for the current fiscal year.

PagerDuty announced that its board has approved a share repurchase program on Thursday, May 28th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 16.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.