Apollon Wealth Management LLC Invests $293,000 in Dynatrace, Inc. $DT

Apollon Wealth Management LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,301 shares of the company’s stock, valued at approximately $293,000.

Several other large investors have also modified their holdings of the stock. Eastern Bank acquired a new stake in Dynatrace during the second quarter valued at approximately $35,000. Brooklyn Investment Group lifted its stake in Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after buying an additional 800 shares during the last quarter. S.A. Mason LLC acquired a new position in shares of Dynatrace during the first quarter valued at $58,000. CX Institutional increased its holdings in shares of Dynatrace by 42.6% in the 2nd quarter. CX Institutional now owns 1,221 shares of the company’s stock worth $67,000 after acquiring an additional 365 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Dynatrace by 131.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock worth $76,000 after acquiring an additional 921 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 1.7%

Shares of NYSE:DT opened at $48.19 on Friday. The firm has a fifty day moving average of $48.78 and a two-hundred day moving average of $50.16. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market capitalization of $14.53 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 4.25 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 for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Equities research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DT. BMO Capital Markets lowered their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Oppenheimer started coverage on Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dynatrace in a report on Wednesday, October 8th. Finally, Citigroup cut their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.96.

Insider Activity at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the company’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 completion of the sale, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director directly 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. Over the last quarter, insiders have sold 10,602 shares of company stock valued at $529,579. 0.57% of the stock is currently owned by corporate 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.