Thrivent Financial for Lutherans Buys 58,823 Shares of Dynatrace, Inc. $DT

Thrivent Financial for Lutherans increased its stake in Dynatrace, Inc. (NYSE:DT) by 22.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,432 shares of the company’s stock after purchasing an additional 58,823 shares during the period. Thrivent Financial for Lutherans owned 0.11% of Dynatrace worth $15,719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scge Management L.P. acquired a new stake in shares of Dynatrace during the 2nd quarter worth approximately $155,858,000. Norges Bank bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $87,620,000. Vanguard Group Inc. increased its stake in shares of Dynatrace by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company’s stock valued at $1,733,760,000 after acquiring an additional 1,084,307 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Dynatrace by 97.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,974,808 shares of the company’s stock worth $109,029,000 after acquiring an additional 975,042 shares during the last quarter. Finally, DSM Capital Partners LLC boosted its stake in Dynatrace by 27.6% during the 2nd quarter. DSM Capital Partners LLC now owns 3,291,325 shares of the company’s stock worth $181,714,000 after acquiring an additional 711,250 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Rosenblatt Securities cut their target price on shares of Dynatrace from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Truist Financial lowered their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Jefferies Financial Group reduced their target price on Dynatrace from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Barclays decreased their target price on Dynatrace from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Finally, TD Cowen dropped their price target on Dynatrace from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.41.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total value of $1,398,300.00. Following the completion of the sale, the chief executive officer directly owned 108,125 shares of the company’s stock, valued at $5,039,706.25. This trade represents a 21.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the sale, the chief accounting officer owned 23,380 shares in the company, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 39,843 shares of company stock valued at $1,846,424. 0.57% of the stock is owned by company insiders.

Dynatrace Stock Performance

DT opened at $34.49 on Wednesday. Dynatrace, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $63.00. The firm has a 50-day moving average of $42.59 and a 200 day moving average of $46.71. The firm has a market cap of $10.40 billion, a P/E ratio of 20.65, a PEG ratio of 3.00 and a beta of 0.84.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, November 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Dynatrace had a net margin of 27.33% and a return on equity of 9.24%. The firm had revenue of $493.85 million for the quarter, compared to analysts’ expectations of $487.33 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.