Dynatrace, Inc. (NYSE:DT) is RGM Capital LLC’s 5th Largest Position

RGM Capital LLC boosted its stake in Dynatrace, Inc. (NYSE:DT) by 6.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,848,775 shares of the company’s stock after buying an additional 225,000 shares during the quarter. Dynatrace makes up about 6.9% of RGM Capital LLC’s holdings, making the stock its 5th biggest position. RGM Capital LLC owned about 1.29% of Dynatrace worth $172,194,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Dynatrace by 6.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock worth $1,443,000 after purchasing an additional 1,632 shares during the last quarter. UBS Group AG lifted its stake in shares of Dynatrace by 14.5% during the fourth quarter. UBS Group AG now owns 353,880 shares of the company’s stock valued at $19,354,000 after buying an additional 44,842 shares during the period. Coldstream Capital Management Inc. boosted its position in Dynatrace by 6.2% during the fourth 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. Wells Fargo & Company MN grew its stake in Dynatrace by 36.1% in the 4th quarter. Wells Fargo & Company MN now owns 217,747 shares of the company’s stock worth $11,909,000 after acquiring an additional 57,810 shares during the period. Finally, Trexquant Investment LP acquired a new position in Dynatrace in the 4th quarter valued at $471,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several analyst reports. Wedbush restated a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a report on Thursday, August 8th. Guggenheim lowered their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Loop Capital dropped their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Finally, Scotiabank boosted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $59.70.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $51.35 on Friday. The business’s 50-day simple moving average is $47.64 and its 200 day simple moving average is $46.53. The company has a market cap of $15.31 billion, a P/E ratio of 98.75, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

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

Insider Buying and Selling

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 shares were 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 directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction on 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 sale, the executive vice president now owns 237,772 shares in the company, valued at $10,514,277.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Insiders have sold 76,426 shares of company stock valued at $3,804,069 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.