Ameritas Investment Partners Inc. Buys 8,116 Shares of Dynatrace, Inc. (NYSE:DT)

Ameritas Investment Partners Inc. increased its stake in Dynatrace, Inc. (NYSE:DT) by 11.8% during the second quarter, Holdings Channel.com reports. The fund owned 76,763 shares of the company’s stock after buying an additional 8,116 shares during the period. Ameritas Investment Partners Inc.’s holdings in Dynatrace were worth $3,434,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. 1492 Capital Management LLC lifted 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 valued at $1,266,000 after acquiring an additional 224 shares during the period. Bessemer Group Inc. raised its holdings in shares of Dynatrace by 3.8% during the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after purchasing an additional 226 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the period. State of Alaska Department of Revenue boosted its position 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 purchasing an additional 260 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in shares of Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock valued at $255,000 after buying an additional 270 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 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 can be accessed through this hyperlink. In other 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 transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,426 shares of company stock valued at $3,804,069. Company insiders own 0.54% of the company’s stock.

Dynatrace Trading Down 1.6 %

Shares of DT opened at $51.34 on Friday. The stock has a 50 day moving average of $47.64 and a 200 day moving average of $46.54. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 98.73, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

Dynatrace (NYSE:DT) last announced its 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. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DT shares. Piper Sandler initiated coverage on Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. Guggenheim lowered their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Scotiabank lifted their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.70.

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.