Federated Hermes Inc. Has $15.85 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Federated Hermes Inc. reduced its holdings in Dynatrace, Inc. (NYSE:DT) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 289,828 shares of the company’s stock after selling 5,781 shares during the period. Federated Hermes Inc. owned approximately 0.10% of Dynatrace worth $15,851,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Avior Wealth Management LLC increased its stake in Dynatrace by 3.0% during the third quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after acquiring an additional 234 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after purchasing an additional 240 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Dynatrace by 1.7% during the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after purchasing an additional 263 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Dynatrace by 3.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company’s stock valued at $420,000 after purchasing an additional 265 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Dynatrace by 2.8% in the third quarter. Orion Portfolio Solutions LLC now owns 11,056 shares of the company’s stock valued at $517,000 after purchasing an additional 303 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction that occurred on Monday, February 12th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dan Zugelder sold 6,595 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly 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. Insiders sold a total of 14,278,591 shares of company stock worth $750,893,396 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Dynatrace from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $70.00 in a research note on Friday, January 5th. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Dynatrace in a report on Friday, February 9th. Rosenblatt Securities upped their price objective on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley began coverage on Dynatrace in a research report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $61.08.

Dynatrace Stock Performance

NYSE DT opened at $45.55 on Tuesday. The stock has a market capitalization of $13.41 billion, a P/E ratio of 69.02, a price-to-earnings-growth ratio of 3.89 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 stock has a fifty day moving average of $47.41 and a 200-day moving average of $50.88.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million for 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%. Equities research analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

About Dynatrace

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.