Hantz Financial Services Inc. Takes Position in Dynatrace, Inc. (NYSE:DT)

Hantz Financial Services Inc. purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 171,872 shares of the company’s stock, valued at approximately $7,690,000. Hantz Financial Services Inc. owned approximately 0.06% of Dynatrace at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after purchasing an additional 583,220 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in Dynatrace in the 1st quarter worth $133,701,000. Norges Bank bought a new position in Dynatrace in the 4th quarter worth $148,515,000. Finally, Assenagon Asset Management S.A. raised its holdings 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 acquiring an additional 2,030,915 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.6 %

Shares of DT stock opened at $50.62 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The company has a market capitalization of $15.10 billion, a P/E ratio of 97.35, a P/E/G ratio of 6.40 and a beta of 1.04. The firm has a 50-day moving average price of $45.69 and a 200 day moving average price of $46.48.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The firm had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. During the same period last year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, research analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Bank of America dropped their target price on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Robert W. Baird dropped their target price on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Finally, Wedbush restated a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the transaction, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,274 shares of company stock valued at $3,883,271. 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.