Coronation Fund Managers Ltd. Buys Shares of 186,140 Dynatrace, Inc. (NYSE:DT)

Coronation Fund Managers Ltd. purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 186,140 shares of the company’s stock, valued at approximately $8,328,000. Coronation Fund Managers Ltd. owned about 0.06% of Dynatrace as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. boosted its holdings in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace in the second quarter worth about $26,000. Versant Capital Management Inc boosted its stake in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Dynatrace during the 1st quarter valued at about $30,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Dynatrace in the 2nd quarter valued at approximately $32,000. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Wedbush reiterated a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research note on Thursday, August 8th. Wells Fargo & Company cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Scotiabank raised their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Finally, Piper Sandler assumed coverage on Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective for the company. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $60.09.

Insider Activity

In related news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares in the company, valued at approximately $10,514,277.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,426 shares of company stock worth $3,804,069. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Trading Down 2.5 %

NYSE DT opened at $52.12 on Wednesday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 100.23, a PEG ratio of 7.83 and a beta of 1.05. The stock’s 50 day moving average is $48.86 and its two-hundred day moving average is $46.83.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Dynatrace’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Dynatrace Company 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.