Tredje AP fonden Grows Stock Position in Dynatrace, Inc. $DT

Tredje AP fonden boosted its position in Dynatrace, Inc. (NYSE:DT) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,556 shares of the company’s stock after buying an additional 2,656 shares during the quarter. Tredje AP fonden’s holdings in Dynatrace were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DT. Eastern Bank purchased a new stake in Dynatrace in the second quarter worth $35,000. Brooklyn Investment Group grew its position in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after purchasing an additional 800 shares in the last quarter. CX Institutional grew its position in shares of Dynatrace by 42.6% in the second quarter. CX Institutional now owns 1,221 shares of the company’s stock valued at $67,000 after purchasing an additional 365 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Dynatrace by 131.8% in the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock valued at $76,000 after purchasing an additional 921 shares in the last quarter. Finally, Archer Investment Corp grew its position in shares of Dynatrace by 36.1% in the first quarter. Archer Investment Corp now owns 2,075 shares of the company’s stock valued at $98,000 after purchasing an additional 550 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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 directly owned 1,012 shares in the company, valued at approximately $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the transaction, the executive vice president owned 1,420 shares of the company’s stock, valued at $71,000. The trade was a 84.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,602 shares of company stock worth $529,579. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Stock Up 4.0%

Dynatrace stock opened at $50.58 on Monday. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The business has a 50-day simple moving average of $49.14 and a 200 day simple moving average of $50.74. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 4.46 and a beta of 0.85.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dynatrace in a research report on Wednesday, October 8th. Oppenheimer began coverage on Dynatrace in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 price target for the company. Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup reduced their price target on Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.09.

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.