Forsta AP Fonden Acquires 8,100 Shares of Dynatrace, Inc. (NYSE:DT)

Forsta AP Fonden boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 15.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,900 shares of the company’s stock after purchasing an additional 8,100 shares during the quarter. Forsta AP Fonden’s holdings in Dynatrace were worth $3,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its position in shares of Dynatrace by 24.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,372 shares of the company’s stock valued at $993,000 after purchasing an additional 4,189 shares in the last quarter. Park Place Capital Corp purchased a new position in Dynatrace during the 1st quarter valued at approximately $73,000. State of Michigan Retirement System increased its stake in Dynatrace by 3.0% in the 1st quarter. State of Michigan Retirement System now owns 58,900 shares of the company’s stock worth $2,735,000 after acquiring an additional 1,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Dynatrace by 8.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 575,760 shares of the company’s stock worth $26,738,000 after acquiring an additional 43,611 shares in the last quarter. Finally, 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 valued at $1,602,000 after acquiring an additional 260 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.54% of the company’s stock.

Dynatrace Stock Up 1.6 %

Shares of NYSE:DT opened at $55.08 on Wednesday. The business’s 50 day moving average is $52.21 and its 200 day moving average is $47.90. The stock has a market cap of $16.41 billion, a P/E ratio of 105.92, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.16 EPS. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DT shares. Wells Fargo & Company reduced 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. Guggenheim boosted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wedbush started coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target for the company. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, BTIG Research raised their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.