Handelsbanken Fonder AB Acquires 956,000 Shares of Dynatrace, Inc. (NYSE:DT)

Handelsbanken Fonder AB boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 104.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,868,800 shares of the company’s stock after acquiring an additional 956,000 shares during the period. Handelsbanken Fonder AB owned 0.63% of Dynatrace worth $102,205,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DT. Lindbrook Capital LLC raised its position in Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the period. Advisory Services Network LLC raised its holdings in shares of Dynatrace by 50.9% in the first quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Dynatrace by 3.0% in the third quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock worth $376,000 after acquiring an additional 234 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after acquiring an additional 240 shares in the last quarter. Finally, Shell Asset Management Co. increased its holdings in Dynatrace by 1.7% during the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after buying an additional 263 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

NYSE:DT traded down $0.86 during trading hours on Friday, reaching $45.40. 3,134,795 shares of the company were exchanged, compared to its average volume of 2,922,917. Dynatrace, Inc. has a 52-week low of $40.43 and a 52-week high of $61.41. The stock has a 50 day simple moving average of $47.55 and a 200 day simple moving average of $50.86. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 68.79, a PEG ratio of 3.89 and a beta of 1.07.

Dynatrace (NYSE:DT) last issued its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The firm had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $357.64 million. On average, analysts predict that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DT. Morgan Stanley began coverage on Dynatrace in a research note on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Dynatrace in a research report on Friday, February 9th. Citigroup boosted their price target on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Capital One Financial assumed coverage on Dynatrace in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.08.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the transaction, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is currently owned by insiders.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.