APG Asset Management US Inc. Purchases 26,119 Shares of Dynatrace, Inc. (NYSE:DT)

APG Asset Management US Inc. grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,840 shares of the company’s stock after buying an additional 26,119 shares during the quarter. APG Asset Management US Inc. owned approximately 0.09% of Dynatrace worth $12,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 6.4% in the first 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 during the last quarter. US Bancorp DE increased its position in Dynatrace by 89.7% in the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after acquiring an additional 22,928 shares in the last quarter. Norden Group LLC bought a new position in shares of Dynatrace in the first quarter worth about $5,546,000. Crestline Management LP lifted its position in shares of Dynatrace by 385.3% during the fourth quarter. Crestline Management LP now owns 208,064 shares of the company’s stock worth $11,379,000 after purchasing an additional 165,190 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after purchasing an additional 157,739 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 0.2 %

Dynatrace stock opened at $52.59 on Friday. The company has a 50 day moving average of $48.15 and a 200-day moving average of $46.65. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a market capitalization of $15.67 billion, a PE ratio of 101.14, a price-to-earnings-growth ratio of 7.83 and a beta of 1.05.

Dynatrace (NYSE:DT) last announced its earnings results 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 firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period in the prior year, the business earned $0.16 EPS. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

DT has been the topic of several research reports. Scotiabank upped their price objective on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Piper Sandler began coverage on Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price target on the stock. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a report on Thursday, August 8th. Wells Fargo & Company cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Guggenheim lowered their price target on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly 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 this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is owned by corporate insiders.

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.