Dynatrace, Inc. (NYSE:DT) Position Boosted by Bank of Montreal Can

Bank of Montreal Can increased its holdings in Dynatrace, Inc. (NYSE:DT) by 767.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,806 shares of the company’s stock after purchasing an additional 629,749 shares during the quarter. Bank of Montreal Can’s holdings in Dynatrace were worth $32,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG grew its position in Dynatrace by 14.5% in the fourth quarter. UBS Group AG now owns 353,880 shares of the company’s stock worth $19,354,000 after buying an additional 44,842 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of 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 last quarter. Trexquant Investment LP acquired a new stake in shares of Dynatrace during the fourth quarter worth $471,000. US Bancorp DE lifted its holdings in shares of Dynatrace by 23.3% during the fourth quarter. US Bancorp DE now owns 25,550 shares of the company’s stock valued at $1,397,000 after purchasing an additional 4,820 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Dynatrace by 24.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 13,814 shares of the company’s stock valued at $743,000 after purchasing an additional 2,758 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 0.2 %

Shares of Dynatrace stock opened at $52.59 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The stock has a market capitalization of $15.67 billion, a P/E ratio of 101.14, a PEG ratio of 7.83 and a beta of 1.05. The stock has a 50 day moving average price of $48.15 and a two-hundred day moving average price of $46.65.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $392.22 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 19.9% on a year-over-year basis. Sell-side analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. BMO Capital Markets upped their price target on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Loop Capital reduced their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Finally, Piper Sandler initiated coverage on Dynatrace in a research report on Thursday, June 27th. They issued 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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 Dynatrace 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 transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,426 shares of company stock valued at $3,804,069. 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.