Livforsakringsbolaget Skandia Omsesidigt Increases Holdings in Dynatrace, Inc. (NYSE:DT)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Dynatrace, Inc. (NYSE:DT) by 600.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,100 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dynatrace were worth $112,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Dynatrace by 3.8% during the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after buying an additional 226 shares during the period. Geneos Wealth Management Inc. boosted its stake in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. State of Alaska Department of Revenue boosted its stake in Dynatrace by 0.8% during the first quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after buying an additional 260 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Dynatrace by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after buying an additional 266 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in Dynatrace by 0.4% during the first quarter. Ameritas Investment Partners Inc. now owns 68,647 shares of the company’s stock worth $3,188,000 after purchasing an additional 295 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of NYSE:DT opened at $53.69 on Wednesday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock’s 50-day moving average is $51.03 and its 200 day moving average is $47.36. The company has a market cap of $16.01 billion, a PE ratio of 103.25, a P/E/G ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last posted 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 return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on DT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Piper Sandler started coverage on Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Scotiabank lifted their price target on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Finally, Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.04.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was 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 in the company, valued at $2,280,905. 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 worth $3,397,904. Company insiders own 0.54% of the company’s stock.

Dynatrace Company Profile

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.