Dynatrace, Inc. $DT Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 6.2% in the 2nd quarter, Holdings Channel reports. The fund owned 8,077 shares of the company’s stock after acquiring an additional 468 shares during the quarter. Blue Trust Inc.’s holdings in Dynatrace were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Keybank National Association OH lifted its holdings 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 worth $34,808,000 after purchasing an additional 170,380 shares during the period. Bridges Investment Management Inc. increased its stake in shares of Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock valued at $1,173,000 after acquiring an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock valued at $5,734,000 after acquiring an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dynatrace during the 1st quarter valued at about $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Dynatrace during the 1st quarter valued at about $3,846,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DT has been the subject of a number of research reports. Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. BMO Capital Markets decreased their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dynatrace in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $62.96.

Insider Activity at Dynatrace

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

Dynatrace Stock Up 0.8%

Shares of NYSE:DT opened at $48.36 on Tuesday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a 50 day moving average of $48.83 and a two-hundred day moving average of $50.18. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 4.23 and a beta of 0.88.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million during 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% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.