Dynatrace, Inc. (NYSE:DT) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 23.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 56,536 shares of the company’s stock after acquiring an additional 10,568 shares during the period. IFM Investors Pty Ltd’s holdings in Dynatrace were worth $2,626,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DT. Norges Bank purchased a new stake in Dynatrace during the 4th quarter valued at about $148,515,000. American Century Companies Inc. lifted its holdings in shares of Dynatrace by 11,824.1% during the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after purchasing an additional 2,391,545 shares during the period. Vanguard Group Inc. boosted its position in Dynatrace by 9.8% in the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after buying an additional 2,348,246 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in Dynatrace by 670.2% in the 1st quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock worth $84,332,000 after buying an additional 1,580,162 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Dynatrace by 104.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after buying an additional 956,000 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Trading Up 1.1 %

DT traded up $0.50 on Friday, hitting $47.10. 1,924,435 shares of the company’s stock were exchanged, compared to its average volume of 3,022,099. Dynatrace, Inc. has a fifty-two week low of $40.57 and a fifty-two week high of $61.41. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 71.36, a P/E/G ratio of 4.00 and a beta of 1.07. The firm has a 50-day moving average price of $46.99 and a 200-day moving average price of $50.80.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. On average, equities analysts predict that Dynatrace, Inc. will post 0.62 EPS for the current year.

Insider Activity

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the transaction, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock worth $750,893,396 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DT. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Barclays cut their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Wolfe Research initiated coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Capital One Financial initiated coverage on Dynatrace in a report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $61.08.

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.