Dynatrace, Inc. (NYSE:DT) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Dynatrace, Inc. (NYSE:DT) by 32.5% during the third quarter, HoldingsChannel.com reports. The fund owned 2,319,000 shares of the company’s stock after acquiring an additional 569,000 shares during the period. Handelsbanken Fonder AB’s holdings in Dynatrace were worth $123,997,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DT. Geneos Wealth Management Inc. boosted its position in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its stake in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Dynatrace during the 2nd quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in shares of Dynatrace during the 1st quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Dynatrace in the second quarter valued at approximately $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on DT. Guggenheim lifted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company lowered their price target 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. Piper Sandler started coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective for the company. BMO Capital Markets lifted their target price 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. Finally, Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Six research 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 price target of $60.09.

Dynatrace Stock Up 2.0 %

NYSE DT traded up $1.06 during trading on Friday, hitting $53.83. The stock had a trading volume of 1,592,812 shares, compared to its average volume of 3,456,959. The company has a market capitalization of $16.05 billion, a PE ratio of 103.52, a PEG ratio of 7.83 and a beta of 1.05. The firm has a 50 day moving average price of $49.42 and a 200 day moving average price of $46.97. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, sell-side analysts anticipate 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 stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on 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 $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock valued at $3,804,069 in the last three months. 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.