US Bancorp DE Grows Holdings in Dynatrace, Inc. (NYSE:DT)

US Bancorp DE increased its position in Dynatrace, Inc. (NYSE:DT) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,455 shares of the company’s stock after acquiring an additional 972 shares during the quarter. US Bancorp DE’s holdings in Dynatrace were worth $2,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eminence Capital LP bought a new position in Dynatrace in the 2nd quarter worth approximately $158,369,000. Jericho Capital Asset Management L.P. bought a new position in Dynatrace in the 1st quarter worth approximately $133,701,000. Assenagon Asset Management S.A. boosted its stake in Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after purchasing an additional 2,030,915 shares during the period. Vanguard Group Inc. boosted its stake in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP boosted its stake in Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,022 shares of company stock worth $3,397,904. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Up 0.4 %

DT stock opened at $54.77 on Wednesday. The business’s fifty day simple moving average is $52.64 and its two-hundred day simple moving average is $48.23. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 105.33, a PEG ratio of 7.94 and a beta of 1.06.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Research analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets upped their price target on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $64.00 in a research report on Monday, October 7th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Wedbush initiated coverage on Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.46.

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.