Resona Asset Management Co. Ltd. Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Resona Asset Management Co. Ltd. boosted its position in Dynatrace, Inc. (NYSE:DT) by 6.6% during the 1st quarter, HoldingsChannel reports. The firm owned 106,364 shares of the company’s stock after purchasing an additional 6,551 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Dynatrace were worth $5,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of DT. Captrust Financial Advisors raised its stake in shares of Dynatrace by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after buying an additional 177 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company’s stock worth $272,000 after buying an additional 253 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after buying an additional 256 shares during the period. Illumine Investment Management LLC raised its stake in shares of Dynatrace by 0.8% in the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company’s stock worth $1,585,000 after buying an additional 278 shares during the period. Finally, Y.D. More Investments Ltd raised its stake in shares of Dynatrace by 1.2% in the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company’s stock worth $1,175,000 after buying an additional 301 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Up 1.7%

Shares of DT opened at $48.21 on Friday. The business has a fifty day moving average of $53.00 and a 200 day moving average of $52.11. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market cap of $14.54 billion, a PE ratio of 29.58, a P/E/G ratio of 4.12 and a beta of 0.91.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The company had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter in the previous year, the business earned $0.33 EPS. Dynatrace’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada raised their price objective on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. UBS Group raised their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. DA Davidson raised their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. BMO Capital Markets decreased their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Finally, Barclays lifted their target price on Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, May 15th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $62.57.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.