7,589 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by GraniteShares Advisors LLC

GraniteShares Advisors LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,589 shares of the company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 8.8% during the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after acquiring an additional 1,940,604 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Dynatrace by 2.1% during the first quarter. BlackRock Inc. now owns 23,086,920 shares of the company’s stock worth $976,577,000 after acquiring an additional 467,760 shares in the last quarter. FMR LLC increased its position in Dynatrace by 3.1% during the third quarter. FMR LLC now owns 18,213,109 shares of the company’s stock worth $851,099,000 after buying an additional 555,739 shares during the last quarter. Brown Advisory Inc. increased its position in Dynatrace by 2.0% during the third quarter. Brown Advisory Inc. now owns 11,772,653 shares of the company’s stock worth $550,136,000 after buying an additional 229,631 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Dynatrace by 2,277.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company’s stock worth $293,315,000 after buying an additional 6,642,452 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Scotiabank raised their price target on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Monday, February 5th. Barclays cut their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. Morgan Stanley started coverage on Dynatrace in a research note on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Finally, Truist Financial lifted their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.04.

Insider Activity at Dynatrace

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares in the company, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. Insiders have sold 14,278,591 shares of company stock worth $750,893,396 over the last 90 days. 0.54% of the stock is owned by company insiders.

Dynatrace Stock Down 0.9 %

Dynatrace stock traded down $0.42 during trading hours on Wednesday, reaching $44.52. 2,206,691 shares of the company’s stock were exchanged, compared to its average volume of 2,829,073. The firm’s 50 day simple moving average is $48.24 and its 200 day simple moving average is $50.92. Dynatrace, Inc. has a twelve month low of $40.43 and a twelve month high of $61.41. The firm has a market capitalization of $13.11 billion, a PE ratio of 67.46, a PEG ratio of 3.85 and a beta of 1.07.

Dynatrace (NYSE:DT) last issued its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

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.