Dynatrace, Inc. (NYSE:DT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Dynatrace, Inc. (NYSE:DT) by 22.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,558 shares of the company’s stock after acquiring an additional 7,495 shares during the quarter. Intech Investment Management LLC’s holdings in Dynatrace were worth $1,815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares during the period. Versant Capital Management Inc raised its stake in Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace in the second quarter valued at $26,000. DSM Capital Partners LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Dynatrace during the first quarter valued at $30,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Trading Up 1.3 %

NYSE DT opened at $52.01 on Tuesday. The company has a market cap of $15.51 billion, a P/E ratio of 100.02, a P/E/G ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a fifty day simple moving average of $47.80 and a 200 day simple moving average of $46.57.

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

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the firm’s 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 sale, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction on Monday, July 15th. The shares were 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 directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock worth $3,804,069 over the last three months. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DT shares. Guggenheim decreased their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Piper Sandler initiated coverage on shares of Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. BMO Capital Markets upped their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Scotiabank lifted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Finally, Wedbush reaffirmed 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 stock. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $59.70.

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.