Walter Public Investments Inc. Buys 45,962 Shares of Dynatrace, Inc. $DT

Walter Public Investments Inc. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 39.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,058 shares of the company’s stock after purchasing an additional 45,962 shares during the period. Dynatrace comprises about 2.3% of Walter Public Investments Inc.’s investment portfolio, making the stock its 19th biggest position. Walter Public Investments Inc.’s holdings in Dynatrace were worth $9,415,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Dynatrace in the third quarter worth about $39,000. CX Institutional lifted its position in shares of Dynatrace by 1,119.0% during the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after buying an additional 649 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Dynatrace by 37.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock valued at $54,000 after acquiring an additional 255 shares during the period. Provenance Wealth Advisors LLC bought a new position in shares of Dynatrace during the 3rd quarter valued at approximately $61,000. Finally, Root Financial Partners LLC bought a new position in shares of Dynatrace during the 3rd quarter valued at approximately $86,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the transaction, the executive vice president owned 904,846 shares of the company’s stock, valued at $51,766,239.66. This represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by company insiders.

Dynatrace Price Performance

Shares of NYSE:DT opened at $44.31 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a fifty day moving average price of $56.66 and a 200 day moving average price of $44.75. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $66.30. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 82.06, a P/E/G ratio of 3.03 and a beta of 0.76.

Dynatrace (NYSE:DT) last posted its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $579.92 million during the quarter, compared to analysts’ expectations of $568.03 million. Dynatrace had a net margin of 7.42% and a return on equity of 12.73%. Dynatrace’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. As a group, sell-side analysts expect that Dynatrace, Inc. will post 1.08 earnings per share for the current fiscal year.

Dynatrace announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 3rd that permits the company to buy back $1 billion in shares. This repurchase authorization permits the company to purchase up to 6.3% of its shares through open market purchases. Share repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DT. Wells Fargo & Company reduced their target price on shares of Dynatrace from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 4th. Zacks Research downgraded shares of Dynatrace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $65.00 in a research report on Tuesday, August 25th. Cantor Fitzgerald increased their price objective on shares of Dynatrace from $47.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Finally, BNP Paribas Exane upgraded shares of Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Thursday, October 8th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Dynatrace Company Profile

Dynatrace, Inc. provides a software intelligence platform for monitoring and managing complex digital environments. Its platform helps organizations observe applications, infrastructure, cloud services and user experiences, and analyze performance and operational data. The company’s offerings include application and infrastructure monitoring, log management, digital experience monitoring, application security and business analytics. Dynatrace also incorporates artificial intelligence and automation to help identify the causes of problems and support responses to them.