DekaBank Deutsche Girozentrale Increases Stake in Dynatrace, Inc. (NYSE:DT)

DekaBank Deutsche Girozentrale increased its holdings in Dynatrace, Inc. (NYSE:DT) by 4.6% during the second quarter, Holdings Channel.com reports. The firm owned 32,850 shares of the company’s stock after acquiring an additional 1,443 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Dynatrace were worth $1,503,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. DSM Capital Partners LLC bought a new stake in Dynatrace in the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. raised its holdings in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Dynatrace during the 2nd quarter valued at $26,000. Versant Capital Management Inc boosted its position in Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the period. Finally, Rise Advisors LLC bought a new stake in Dynatrace in the 1st quarter worth $30,000. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DT. BMO Capital Markets upped their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Guggenheim dropped their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Wedbush reissued a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research note on Thursday, August 8th. Loop Capital dropped their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.70.

Dynatrace Price Performance

Shares of NYSE:DT opened at $52.20 on Friday. The business has a fifty day moving average price of $47.49 and a 200-day moving average price of $46.52. The company has a market capitalization of $15.57 billion, a PE ratio of 100.38, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

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

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were 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. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock valued at $3,804,069 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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.