Legal & General Group Plc Invests $612,000 in PagerDuty $PD

Legal & General Group Plc bought a new stake in PagerDuty (NYSE:PD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 63,402 shares of the company’s stock, valued at approximately $612,000. Legal & General Group Plc owned about 0.08% of PagerDuty as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PD. Ameriprise Financial Inc. grew its stake in PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after buying an additional 1,115,577 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in PagerDuty in the first quarter valued at approximately $6,074,000. Alyeska Investment Group L.P. acquired a new stake in shares of PagerDuty in the third quarter valued at approximately $13,710,000. Danske Bank A S purchased a new position in shares of PagerDuty during the third quarter worth approximately $13,271,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of PagerDuty during the second quarter worth approximately $7,629,000. 97.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group set a $13.50 price target on shares of PagerDuty in a research report on Wednesday, August 26th. Royal Bank Of Canada raised their price objective on shares of PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Truist Financial upped their target price on shares of PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Morgan Stanley increased their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, PagerDuty presently has an average rating of “Hold” and a consensus price target of $12.56.

PagerDuty Trading Down 2.2%

NYSE:PD opened at $13.32 on Wednesday. The stock’s 50 day simple moving average is $11.36 and its 200-day simple moving average is $8.78. The firm has a market cap of $1.05 billion, a P/E ratio of 6.66, a PEG ratio of 2.11 and a beta of 0.96. PagerDuty has a 12-month low of $5.70 and a 12-month high of $17.29. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The company had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. During the same period in the previous year, the business earned $0.30 earnings per share. PagerDuty’s quarterly revenue was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Equities analysts anticipate that PagerDuty will post 0.69 EPS for the current year.

PagerDuty announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 16.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are 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.