Phoenix Holdings Ltd. acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,561 shares of the company’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Dynatrace by 48.3% during the 2nd quarter. Vanguard Group Inc. now owns 14,381,727 shares of the company’s stock valued at $583,897,000 after acquiring an additional 4,687,084 shares in the last quarter. FMR LLC boosted its position in shares of Dynatrace by 361.9% in the 2nd quarter. FMR LLC now owns 12,443,851 shares of the company’s stock worth $505,220,000 after purchasing an additional 9,749,655 shares in the last quarter. BlackRock Inc. lifted its position in Dynatrace by 16.5% during the 3rd quarter. BlackRock Inc. now owns 10,870,138 shares of the company’s stock worth $445,892,000 after acquiring an additional 1,541,144 shares during the period. Jennison Associates LLC lifted its position in Dynatrace by 17.4% during the 3rd quarter. Jennison Associates LLC now owns 7,131,951 shares of the company’s stock worth $292,553,000 after acquiring an additional 1,058,676 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Dynatrace by 9.5% during the 3rd quarter. Wells Fargo & Company MN now owns 4,048,532 shares of the company’s stock worth $166,070,000 after acquiring an additional 351,146 shares during the period. Institutional investors own 91.61% of the company’s stock.
DT has been the subject of a number of research reports. FBN Securities initiated coverage on Dynatrace in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $50.00 price target for the company. Robert W. Baird initiated coverage on Dynatrace in a research report on Thursday, September 24th. They set an “outperform” rating and a $50.00 price target for the company. Jefferies Financial Group lifted their price target on Dynatrace from $35.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. They noted that the move was a valuation call. Loop Capital began coverage on Dynatrace in a research report on Tuesday, September 15th. They set a “hold” rating and a $40.00 price target for the company. Finally, Zacks Investment Research upgraded Dynatrace from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, October 30th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $45.26.
In other news, SVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $45.32, for a total transaction of $2,266,000.00. Following the transaction, the senior vice president now directly owns 849,111 shares in the company, valued at approximately $38,481,710.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Siclen John Van sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $40.39, for a total value of $2,221,450.00. Following the transaction, the chief executive officer now owns 1,160,680 shares in the company, valued at $46,879,865.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,800 shares of company stock worth $7,476,716. 1.50% of the stock is currently owned by insiders.
DT stock opened at $36.58 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Dynatrace, Inc. has a 12-month low of $17.10 and a 12-month high of $48.85. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 130.65, a PEG ratio of 3.16 and a beta of 1.70. The business’s 50-day moving average is $39.28 and its 200 day moving average is $39.29.
Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Dynatrace had a return on equity of 10.69% and a net margin of 12.75%. The company had revenue of $168.60 million for the quarter, compared to analysts’ expectations of $160.76 million. During the same period in the previous year, the firm posted $0.06 EPS. Dynatrace’s revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts forecast that Dynatrace, Inc. will post 0.36 EPS for the current fiscal year.
Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It operates Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon that works in various application environments, such as mobile apps, web apps, web browsers, web servers, Java, .NET, Node.js, PHP, databases, middleware, and mainframe; Classic Real User Monitoring, which tracks user's experience from an edge devices comprising smart phones, tablets, PCs, or kiosk through cloud services, as well as customer's web tiers; Network Application Monitoring that provides enterprise applications, network services, user experience, and application delivery across wide-area networks; and Synthetic Classic, which offers customer experience, as well as is used to monitor application and application program interface availability and performance.
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