Dynatrace, Inc. $DT Shares Acquired by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,535 shares of the company’s stock after buying an additional 280 shares during the period. L. Roy Papp & Associates LLP’s holdings in Dynatrace were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its position in Dynatrace by 155.8% during the 1st quarter. UMB Bank n.a. now owns 3,220 shares of the company’s stock worth $152,000 after purchasing an additional 1,961 shares during the period. GAMMA Investing LLC boosted its position in Dynatrace by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,246 shares of the company’s stock worth $200,000 after purchasing an additional 609 shares during the period. SG Americas Securities LLC boosted its position in Dynatrace by 183.8% during the 1st quarter. SG Americas Securities LLC now owns 6,504 shares of the company’s stock worth $307,000 after purchasing an additional 4,212 shares during the period. CX Institutional purchased a new stake in Dynatrace during the 1st quarter worth $40,000. Finally, Simon Quick Advisors LLC purchased a new stake in Dynatrace during the 1st quarter worth $236,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $48.85 on Friday. The business has a 50-day moving average of $48.95 and a 200-day moving average of $50.20. The company has a market capitalization of $14.73 billion, a PE ratio of 29.97, a P/E/G ratio of 4.27 and a beta of 0.88. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 7,503 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the transaction, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. The trade was a 84.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,602 shares of company stock valued at $529,579. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DT. Wall Street Zen cut shares of Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim upped their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets decreased their price target on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, Oppenheimer began coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target for the company. 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 stock. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $62.96.

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.