Dynatrace, Inc. $DT Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 149.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,326 shares of the company’s stock after buying an additional 30,718 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dynatrace were worth $2,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas raised its stake in Dynatrace by 0.6% during the 2nd quarter. BNP Paribas now owns 36,563 shares of the company’s stock valued at $2,019,000 after acquiring an additional 218 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Dynatrace by 15.4% during the second quarter. SBI Securities Co. Ltd. now owns 1,869 shares of the company’s stock worth $103,000 after purchasing an additional 249 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Dynatrace by 3.2% during the third quarter. Blue Trust Inc. now owns 8,334 shares of the company’s stock worth $404,000 after purchasing an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after buying an additional 272 shares during the last quarter. Finally, MAI Capital Management raised its position in Dynatrace by 122.4% during the 2nd quarter. MAI Capital Management now owns 547 shares of the company’s stock worth $30,000 after buying an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $33.76 on Friday. Dynatrace, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $63.00. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.66 and a beta of 0.84. The stock’s fifty day moving average is $41.95 and its two-hundred day moving average is $46.36.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 EPS 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 prior year, the company earned $0.37 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. As a group, sell-side analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Dynatrace from $51.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday. KeyCorp lowered their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday. TD Cowen cut their target price on Dynatrace from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Scotiabank reduced their price target on Dynatrace from $67.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Truist Financial dropped their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.32.

Insider Buying and Selling at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $46.69, for a total transaction of $93,380.00. Following the completion of the transaction, the chief accounting officer directly owned 23,380 shares in the company, valued at $1,091,612.20. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan Zugelder sold 7,505 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total value of $339,751.35. Following the sale, the executive vice president owned 8,925 shares in the company, valued at approximately $404,034.75. This trade represents a 45.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,843 shares of company stock valued at $1,846,424 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

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.