Blue Trust Inc. Raises Stock Holdings in Dynatrace, Inc. $DT

Blue Trust Inc. boosted its stake in Dynatrace, Inc. (NYSE:DT) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,077 shares of the company’s stock after buying an additional 468 shares during the period. Blue Trust Inc.’s holdings in Dynatrace were worth $446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC raised its holdings in Dynatrace by 4.6% in the 2nd quarter. Quent Capital LLC now owns 4,288 shares of the company’s stock valued at $237,000 after buying an additional 190 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Dynatrace by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock valued at $1,686,000 after buying an additional 249 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company’s stock valued at $272,000 after buying an additional 253 shares in the last quarter. Illumine Investment Management LLC grew its stake in shares of Dynatrace by 0.8% in the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company’s stock valued at $1,585,000 after buying an additional 278 shares in the last quarter. Finally, L. Roy Papp & Associates LLP grew its stake in shares of Dynatrace by 2.3% in the second quarter. L. Roy Papp & Associates LLP now owns 12,535 shares of the company’s stock valued at $692,000 after buying an additional 280 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DT. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dynatrace in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They set an “overweight” rating and a $65.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Guggenheim boosted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $62.96.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 7,503 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the transaction, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. This represents a 84.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,602 shares of company stock worth $529,579 over the last three months. Insiders own 0.57% of the company’s stock.

Dynatrace Stock Up 0.8%

Shares of Dynatrace stock opened at $48.36 on Tuesday. The firm has a market capitalization of $14.58 billion, a P/E ratio of 29.67, a P/E/G ratio of 4.23 and a beta of 0.88. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The firm’s 50 day moving average is $48.83 and its two-hundred day moving average is $50.18.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal 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.