Benson Investment Management Company Inc. Has $3.95 Million Holdings in Dynatrace, Inc. $DT

Benson Investment Management Company Inc. raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,553 shares of the company’s stock after purchasing an additional 1,960 shares during the period. Benson Investment Management Company Inc.’s holdings in Dynatrace were worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Eastern Bank bought a new position in Dynatrace during the 2nd quarter worth approximately $35,000. CX Institutional bought a new position in Dynatrace during the 1st quarter worth approximately $40,000. Brooklyn Investment Group boosted its stake in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Dynatrace during the 1st quarter worth approximately $45,000. Finally, S.A. Mason LLC bought a new position in Dynatrace during the 1st quarter worth approximately $58,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Oppenheimer assumed coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective on the stock. Wall Street Zen lowered shares of Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada lifted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Citigroup cut their price target on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.96.

Insider Activity

In other news, EVP Dan Zugelder sold 7,503 shares of Dynatrace 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 sale, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% 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 ninety days. Insiders own 0.57% of the company’s stock.

Dynatrace Stock Down 2.0%

NYSE DT opened at $47.93 on Friday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market capitalization of $14.45 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 4.32 and a beta of 0.88. The firm’s 50 day moving average is $48.89 and its 200-day moving average is $50.17.

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

Dynatrace Company Profile

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.