Blair William & Co. IL Boosts Position in Dynatrace, Inc. (NYSE:DT)

Blair William & Co. IL raised its stake in Dynatrace, Inc. (NYSE:DT) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 535,917 shares of the company’s stock after purchasing an additional 23,314 shares during the period. Blair William & Co. IL owned 0.18% of Dynatrace worth $23,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after acquiring an additional 583,220 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after purchasing an additional 782,588 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Dynatrace during the first quarter worth about $133,701,000. Finally, Norges Bank purchased a new stake in shares of Dynatrace in the 4th quarter valued at about $148,515,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction on Monday, July 15th. The stock was 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 in the company, valued at approximately $10,514,277.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock valued at $3,804,069 over the last three months. 0.54% of the stock is currently owned by insiders.

Dynatrace Stock Performance

DT opened at $51.82 on Thursday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 7.63 and a beta of 1.05. The business’s fifty day moving average is $47.33 and its two-hundred day moving average is $46.48.

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

Dynatrace 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.