Capital Performance Advisors LLP Takes Position in Dynatrace, Inc. (NYSE:DT)

Capital Performance Advisors LLP bought a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 981 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares during the period. Janus Henderson Group PLC raised its holdings in Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after buying an additional 583,220 shares during the period. American Century Companies Inc. raised its holdings in Dynatrace by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares during the period. RGM Capital LLC raised its holdings in Dynatrace by 6.2% during the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after buying an additional 225,000 shares during the period. Finally, Eminence Capital LP purchased a new stake in Dynatrace during the 2nd quarter valued at $158,369,000. 94.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s 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 sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s 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 owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DT has been the topic of several recent research reports. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday. Guggenheim increased their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. BMO Capital Markets increased their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday. BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.50.

Dynatrace Price Performance

Shares of DT stock opened at $52.89 on Friday. 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 $52.90 and its 200 day moving average is $48.38. The company has a market cap of $15.76 billion, a P/E ratio of 101.71, a PEG ratio of 8.30 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 business had revenue of $399.20 million during 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 company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

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.