First Trust Direct Indexing L.P. Grows Position in Dynatrace, Inc. (NYSE:DT)

First Trust Direct Indexing L.P. grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,524 shares of the company’s stock after acquiring an additional 576 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Dynatrace were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position 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 purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc grew its position in Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace in the second quarter valued at $26,000. V Square Quantitative Management LLC purchased a new stake in Dynatrace during the second quarter valued at about $32,000. Finally, Riverview Trust Co lifted its stake in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $54.56 on Tuesday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock’s 50 day simple moving average is $52.54 and its two-hundred day simple moving average is $48.17. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 104.93, a PEG ratio of 7.90 and a beta of 1.06.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on DT shares. Wells Fargo & Company reduced their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.46.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the business’s 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 sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.59% of the company’s stock.

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.