Bridges Investment Management Inc. Buys New Position in Dynatrace, Inc. (NYSE:DT)

Bridges Investment Management Inc. purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,325 shares of the company’s stock, valued at approximately $507,000.

Several other institutional investors have also recently made changes to their positions in the stock. 1492 Capital Management LLC increased its position in shares of Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after purchasing an additional 224 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Dynatrace by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after acquiring an additional 226 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after acquiring an additional 230 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Dynatrace by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock worth $1,602,000 after acquiring an additional 260 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Dynatrace by 6.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock worth $255,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 11,022 shares of the company’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 sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a legal filing with the SEC, which is available 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 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 disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock worth $3,804,069 in the last ninety days. 0.54% of the stock is owned by insiders.

Dynatrace Stock Performance

NYSE:DT opened at $51.35 on Friday. The stock has a fifty day moving average price of $47.64 and a 200-day moving average price of $46.53. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 98.75, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data 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 return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. During the same period in the prior year, the company earned $0.16 EPS. Dynatrace’s revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler assumed coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price on the stock. Scotiabank boosted their target price on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Wedbush reissued a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $59.70.

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.