Assenagon Asset Management S.A. Sells 61,874 Shares of Workday, Inc. (NASDAQ:WDAY)

Assenagon Asset Management S.A. cut its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,432 shares of the software maker's stock after selling 61,874 shares during the quarter. Assenagon Asset Management S.A. owned 0.13% of Workday worth $90,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WDAY. Sanctuary Advisors LLC grew its position in Workday by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock worth $7,934,000 after purchasing an additional 1,978 shares during the period. Grafton Street Partners Fund LP bought a new stake in shares of Workday in the third quarter worth $4,424,000. ICICI Prudential Asset Management Co Ltd increased its position in Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock valued at $7,791,000 after acquiring an additional 7,802 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after acquiring an additional 119,769 shares during the period. Finally, Legal & General Group Plc boosted its position in Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock worth $384,518,000 after purchasing an additional 118,180 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the transaction, the insider now owns 121,100 shares of the company's stock, valued at $30,369,458. This represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of Workday stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 382,347 shares of company stock worth $99,225,903 over the last quarter. Insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several research reports. Barclays reduced their price target on shares of Workday from $314.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Needham & Company LLC reissued a "buy" rating and set a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. Citigroup reduced their price objective on Workday from $274.00 to $270.00 and set a "neutral" rating for the company in a research note on Wednesday, September 25th. Finally, StockNews.com downgraded Workday from a "buy" rating to a "hold" rating in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $292.25.

Workday Trading Up 1.0 %

Shares of NASDAQ:WDAY traded up $2.54 during trading on Wednesday, reaching $248.57. The company's stock had a trading volume of 3,172,725 shares, compared to its average volume of 2,167,478. The stock has a market capitalization of $66.12 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $262.75 and its two-hundred day simple moving average is $246.44.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The company's quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts predict that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.