82,740 Shares in Dynatrace, Inc. $DT Acquired by Slow Capital Inc.

Slow Capital Inc. bought a new position in Dynatrace, Inc. (NYSE:DT) during the 2nd quarter, Holdings Channel.com reports. The firm bought 82,740 shares of the company’s stock, valued at approximately $4,568,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. Keybank National Association OH increased its stake in shares of Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock valued at $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. increased its stake in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock worth $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock worth $5,734,000 after purchasing an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Dynatrace in the first quarter worth $2,175,000. Finally, Lecap Asset Management Ltd. bought a new position in Dynatrace during the first quarter valued at approximately $3,846,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. KeyCorp started coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an “overweight” rating and a $69.00 price target for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Royal Bank Of Canada boosted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Guggenheim upped their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Citigroup reduced their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.52.

Dynatrace Price Performance

Shares of NYSE DT opened at $49.13 on Tuesday. The firm’s 50 day simple moving average is $49.26 and its 200-day simple moving average is $50.24. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 4.36 and a beta of 0.88.

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

Insider Buying and Selling at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director owned 1,012 shares in the company, valued at $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock valued at $154,429 over the last three months. 0.57% of the stock is currently owned by insiders.

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.