Dynatrace, Inc. (NYSE:DT) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 95.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 25,187 shares of the company’s stock after acquiring an additional 12,271 shares during the period. Virtu Financial LLC’s holdings in Dynatrace were worth $1,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Dynatrace by 68.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock worth $51,601,000 after purchasing an additional 467,121 shares during the last quarter. Walter Public Investments Inc. raised its holdings in shares of Dynatrace by 12.5% during the second quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock valued at $14,321,000 after acquiring an additional 35,626 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Dynatrace by 7.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,108,196 shares of the company’s stock valued at $49,581,000 after acquiring an additional 77,703 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Dynatrace by 10.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,625 shares of the company’s stock worth $1,191,000 after acquiring an additional 2,435 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Dynatrace by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 32,850 shares of the company’s stock worth $1,503,000 after acquiring an additional 1,443 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Dan Zugelder sold 11,022 shares of the business’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 completion of 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 available at the SEC website. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated 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 $10,810,185.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,426 shares of company stock worth $3,804,069. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $51.82 on Thursday. The firm has a market capitalization of $15.45 billion, a PE ratio of 99.65, a price-to-earnings-growth 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. The firm’s 50-day moving average is $47.33 and its two-hundred day moving average is $46.48.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Piper Sandler began coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Loop Capital lowered their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Finally, Scotiabank increased their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $59.70.

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.