Mitsubishi UFJ Asset Management Co. Ltd. Acquires 22,426 Shares of Dynatrace, Inc. (NYSE:DT)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,049 shares of the company’s stock after buying an additional 22,426 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Dynatrace worth $10,988,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new stake in shares of Dynatrace in the 1st quarter worth approximately $40,000. Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace in the 1st quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after buying an additional 256 shares during the last quarter. Finally, GeoWealth Management LLC increased its position in Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company’s stock valued at $56,000 after buying an additional 340 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Down 0.5%

NYSE DT opened at $46.02 on Tuesday. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.97 and a beta of 0.91. The company’s 50 day moving average is $53.56 and its two-hundred day moving average is $52.31.

Dynatrace (NYSE:DT) last announced its quarterly earnings data 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 net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. During the same period in the prior year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares of the company’s stock, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DT shares. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. BMO Capital Markets dropped their price target on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Loop Capital cut their price objective on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Dynatrace from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America upped their target price on shares of Dynatrace from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $62.57.

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.