Nisa Investment Advisors LLC Raises Stake in Dynatrace, Inc. (NYSE:DT)

Nisa Investment Advisors LLC boosted its position in Dynatrace, Inc. (NYSE:DT) by 222.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,935 shares of the company’s stock after buying an additional 2,715 shares during the period. Nisa Investment Advisors LLC’s holdings in Dynatrace were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Dynatrace in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new position in Dynatrace in the first quarter valued at approximately $26,000. Advisory Services Network LLC lifted its holdings in Dynatrace by 50.9% in the first quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares during the period. Planned Solutions Inc. acquired a new position in Dynatrace in the fourth quarter valued at approximately $38,000. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of Dynatrace during the 3rd quarter worth approximately $35,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the transaction, the insider now owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is currently owned by company insiders.

Dynatrace Stock Down 1.9 %

Shares of NYSE:DT opened at $45.40 on Friday. The stock has a market cap of $13.37 billion, a P/E ratio of 68.79, a PEG ratio of 3.81 and a beta of 1.07. Dynatrace, Inc. has a 52-week low of $40.43 and a 52-week high of $61.41. The business has a fifty day moving average of $47.55 and a two-hundred day moving average of $50.83.

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

Analyst Ratings Changes

DT has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Rosenblatt Securities upped their target price on Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley initiated coverage on Dynatrace in a research note on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Finally, TD Cowen reduced their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Friday. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.08.

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.