Thrivent Financial for Lutherans Buys 58,823 Shares of Dynatrace, Inc. $DT

Thrivent Financial for Lutherans increased its position in Dynatrace, Inc. (NYSE:DT) by 22.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,432 shares of the company’s stock after acquiring an additional 58,823 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dynatrace were worth $15,719,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in Dynatrace by 25.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after acquiring an additional 1,846 shares during the period. Jones Financial Companies Lllp boosted its holdings in Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $102,000 after purchasing an additional 348 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Dynatrace by 21.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,809 shares of the company’s stock valued at $2,198,000 after purchasing an additional 7,153 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Dynatrace by 18.4% during the 2nd quarter. QRG Capital Management Inc. now owns 82,932 shares of the company’s stock valued at $4,579,000 after purchasing an additional 12,906 shares in the last quarter. Finally, Slow Capital Inc. bought a new position in shares of Dynatrace in the second quarter worth $4,568,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 7,505 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total transaction of $339,751.35. Following the transaction, the executive vice president owned 8,925 shares of the company’s stock, valued at approximately $404,034.75. This trade represents a 45.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 30,000 shares of Dynatrace stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total transaction of $1,398,300.00. Following the completion of the transaction, the chief executive officer owned 108,125 shares in the company, valued at approximately $5,039,706.25. The trade was a 21.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,843 shares of company stock worth $1,846,424 over the last ninety days. Insiders own 0.57% of the company’s stock.

Dynatrace Stock Down 9.4%

Shares of DT stock opened at $34.49 on Wednesday. The business has a 50-day moving average price of $42.59 and a two-hundred day moving average price of $46.71. Dynatrace, Inc. has a 12-month low of $33.85 and a 12-month high of $63.00. The firm has a market cap of $10.40 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.00 and a beta of 0.84.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $493.85 million for the quarter, compared to analysts’ expectations of $487.33 million. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.Dynatrace’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. As a group, research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. Scotiabank dropped their price objective on Dynatrace from $67.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Citigroup decreased their target price on Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. KeyCorp dropped their price target on Dynatrace from $69.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Truist Financial cut their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $51.00 price objective on shares of Dynatrace in a research report on Friday, January 30th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.41.

About Dynatrace

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.