PensionDanmark Pensionsforsikringsaktieselskab 13F: Adds $3.7M to WDAY Stake

PensionDanmark boosted its stake in Workday, Inc. (WDAY) by 142.4% during the period, purchasing an additional 19,610 shares to finish with 33,377 shares valued at about $6.4 million. The position change was revealed in a Form 13F filing with the Securities and Exchange Commission on October 19, 2026. Shares of Workday closed at $190.81 on October 16, 2026.## What Changed in PensionDanmark's Workday Position

The institutional investor significantly expanded its bet on the cloud software provider by adding 19,610 shares to bring its total ownership to 33,377 shares. Prior to this filing, the fund held 13,767 shares. The updated stake carried an estimated value of $6.36 million based on the reported figures.

WDAY Workday, Inc.

$195.20 ▼ -5.15% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Other Institutional Activity in Workday

Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,023,503 shares, ending with 12,679,129 shares worth about $2,474,965,942. Eagle Capital Management LLC grew its holdings by 2,616,506 shares, ending with 11,323,681 shares worth about $2,210,382,496. First Eagle Investment Management, LLC grew its holdings by 1,215,863 shares, ending with 8,824,517 shares worth about $1,722,545,691.

Workday, Inc. Stock Up 2.3%

Workday recently traded around $195.15 as of October 20, 2026, putting the stock up about 2.3% since the October 16 close of $190.81. The shares sit well above their 200-day moving average of $156.03 and 2.4% above their 50-day moving average of $190.52. The stock has traded between a 52-week low of $110.36 and a 52-week high of $247.40, and recent trades place it about 6.1% below the mean analyst price target of $207.92.

Recent Earnings

Workday generated trailing twelve month revenue of $10.15 billion alongside earnings of $4.91 per share. The company posted a net margin of 12.3% and a return on equity of 16.0%, with year-over-year revenue growth registering at 12.8%. The enterprise cloud vendor's next earnings report is scheduled for December 1, 2026.

Insider Buying and Selling at Workday, Inc.

David A. Duffield sold 99,228 shares for $18,587,115 on October 6, 2026. Zane C Rowe sold 6,000 shares for $1,123,385 on October 6, 2026. David A. Duffield sold 99,835 shares for $18,723,976 on October 9, 2026. Mark S. Garfield sold 918 shares at an average price of $189.45 for a total value of $173,915 on October 12, 2026.

Analysts Set New Price Targets

On October 5, 2026, Needham reiterated its Buy rating on the stock with a $230.00 price target. On October 8, 2026, Jefferies maintained a Hold rating and lowered its price target to $210.00 from $220.00. On October 14, 2026, UBS maintained a Neutral rating and lowered its price target to $210.00 from $220.00. On October 15, 2026, Stifel maintained a Hold rating and raised its price target to $175.00 from $160.00. On October 16, 2026, Keybanc downgraded the stock to Sector Perform with an unstated target.

About Workday

Workday, Inc. builds enterprise cloud applications focused on financial management and human resources for businesses worldwide. Its software helps organizations track accounting processes, manage payables and receivables, run financial consolidations, and pull real-time operational insights. Institutional interest remains strong as companies continue adopting cloud-based enterprise platforms.

Bottom Line

Investors are keeping a close watch on Workday ahead of its December earnings report to see if software demand holds steady. Institutional filings show varying portfolio adjustments, while analyst price targets average $207.92 against a recent market price of $195.15.