Allianz Asset Management GmbH Purchases 975,042 Shares of Dynatrace, Inc. $DT

Allianz Asset Management GmbH grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 97.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,974,808 shares of the company’s stock after acquiring an additional 975,042 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dynatrace were worth $109,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC raised its holdings in Dynatrace by 4.6% during the 2nd quarter. Quent Capital LLC now owns 4,288 shares of the company’s stock valued at $237,000 after buying an additional 190 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in Dynatrace by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock worth $1,686,000 after purchasing an additional 249 shares during the period. Arkadios Wealth Advisors increased its stake in 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 purchasing an additional 253 shares during the period. Illumine Investment Management LLC increased its stake in 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 purchasing an additional 278 shares during the period. Finally, L. Roy Papp & Associates LLP increased its stake in Dynatrace by 2.3% in the second quarter. L. Roy Papp & Associates LLP now owns 12,535 shares of the company’s stock worth $692,000 after purchasing an additional 280 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Activity at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dan Zugelder sold 7,503 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares in the company, valued at approximately $71,000. The trade was a 84.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,602 shares of company stock valued at $529,579 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DT shares. Wells Fargo & Company started coverage on Dynatrace in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 target price on the stock. Guggenheim increased their target price on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Citigroup reduced their target price on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Wall Street Zen lowered Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dynatrace in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.96.

Dynatrace Trading Down 0.9%

DT opened at $47.35 on Friday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $50.15. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 4.22 and a beta of 0.88.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

About Dynatrace

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.