Norden Group LLC Boosts Stake in Dynatrace, Inc. $DT

Norden Group LLC lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,303 shares of the company’s stock after purchasing an additional 1,321 shares during the quarter. Norden Group LLC’s holdings in Dynatrace were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DT. CX Institutional purchased a new position in shares of Dynatrace in the first quarter worth $40,000. Brooklyn Investment Group raised its stake in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after purchasing an additional 800 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace in the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC increased its position in Dynatrace by 344.0% during the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock valued at $52,000 after acquiring an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

DT has been the subject of a number of research reports. KeyCorp initiated coverage on Dynatrace in a research report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 price objective for the company. Oppenheimer initiated coverage on Dynatrace in a research report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective for the company. Royal Bank Of Canada upped 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. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Finally, Guggenheim upped their price objective on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.72.

Dynatrace Stock Up 0.9%

Shares of DT opened at $48.58 on Friday. The business has a 50-day simple moving average of $49.89 and a two-hundred day simple moving average of $50.22. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 4.23 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,099 shares of company stock valued at $154,429. Company insiders own 0.57% of the company’s stock.

Dynatrace 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.