Susquehanna Fundamental Investments LLC Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Susquehanna Fundamental Investments LLC bought a new stake in Dynatrace, Inc. (NYSE:DT) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 102,038 shares of the company’s stock, valued at approximately $4,739,000.

Several other large investors have also modified their holdings of DT. Norges Bank purchased a new position in shares of Dynatrace during the 4th quarter worth approximately $148,515,000. American Century Companies Inc. lifted its holdings in Dynatrace by 11,824.1% in the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after acquiring an additional 2,391,545 shares during the period. Vanguard Group Inc. boosted its position in shares of Dynatrace by 9.8% during the 4th quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock worth $1,436,393,000 after purchasing an additional 2,348,246 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Dynatrace by 670.2% during the 1st quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock worth $84,332,000 after purchasing an additional 1,580,162 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Dynatrace by 104.7% during the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after purchasing an additional 956,000 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Truist Financial reissued a “buy” rating and set a $60.00 price target (down previously from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Loop Capital dropped their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Bank of America reduced their price objective on Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Finally, Robert W. Baird lowered their target price on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.96.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Trading Up 0.5 %

DT traded up $0.20 during midday trading on Monday, hitting $44.29. The company’s stock had a trading volume of 482,019 shares, compared to its average volume of 3,637,314. Dynatrace, Inc. has a 52-week low of $42.31 and a 52-week high of $61.41. The firm has a 50-day moving average price of $45.73 and a two-hundred day moving average price of $48.82. The firm has a market cap of $13.21 billion, a P/E ratio of 84.79, a PEG ratio of 6.65 and a beta of 1.04.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. On average, equities analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current year.

About Dynatrace

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.