Perigon Wealth Management LLC Takes $454,000 Position in Dynatrace, Inc. (NYSE:DT)

Perigon Wealth Management LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,298 shares of the company’s stock, valued at approximately $454,000.

Several other large investors have also bought and sold shares of DT. Vanguard Group Inc. boosted its position in shares of Dynatrace by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock valued at $1,117,596,000 after purchasing an additional 1,940,604 shares in the last quarter. BlackRock Inc. boosted its holdings in Dynatrace by 2.1% during the first quarter. BlackRock Inc. now owns 23,086,920 shares of the company’s stock worth $976,577,000 after buying an additional 467,760 shares in the last quarter. FMR LLC grew its position in Dynatrace by 3.1% in the third quarter. FMR LLC now owns 18,213,109 shares of the company’s stock worth $851,099,000 after buying an additional 555,739 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Dynatrace by 2.0% in the third quarter. Brown Advisory Inc. now owns 11,772,653 shares of the company’s stock valued at $550,136,000 after buying an additional 229,631 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Dynatrace by 2,277.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company’s stock valued at $293,315,000 after acquiring an additional 6,642,452 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DT shares. Jefferies Financial Group raised Dynatrace from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $70.00 in a report on Friday, January 5th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Wolfe Research began coverage on shares of Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 price target on the stock. Truist Financial raised their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Barclays cut their target price on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.04.

Dynatrace Stock Performance

DT opened at $44.94 on Tuesday. Dynatrace, Inc. has a twelve month low of $40.43 and a twelve month high of $61.41. The business has a 50 day moving average price of $48.54 and a 200 day moving average price of $50.93. The firm has a market cap of $13.23 billion, a P/E ratio of 68.09, a price-to-earnings-growth ratio of 3.92 and a beta of 1.07.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,278,591 shares of company stock worth $750,893,396. Company insiders own 0.54% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.