Dynatrace, Inc. $DT Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 22.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 222,505 shares of the company’s stock after acquiring an additional 40,136 shares during the quarter. Penserra Capital Management LLC’s holdings in Dynatrace were worth $10,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. BNP Paribas increased its holdings in shares of Dynatrace by 0.6% in the second quarter. BNP Paribas now owns 36,563 shares of the company’s stock valued at $2,019,000 after buying an additional 218 shares in the last quarter. SBI Securities Co. Ltd. raised its position 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 period. 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 valued at $404,000 after purchasing an additional 257 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 purchasing an additional 272 shares during the period. Finally, L. Roy Papp & Associates LLP increased its stake in Dynatrace by 2.3% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 12,535 shares of the company’s stock worth $692,000 after purchasing an additional 280 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DT has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynatrace in a report on Monday, December 29th. Truist Financial decreased their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Barclays cut their target price on shares of Dynatrace from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. KeyCorp cut their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Scotiabank decreased their price objective on shares of Dynatrace from $67.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $58.95.

Dynatrace Stock Performance

Shares of NYSE DT opened at $34.59 on Thursday. The company’s 50 day moving average price is $42.39 and its 200-day moving average price is $46.63. The company has a market capitalization of $10.43 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Dynatrace, Inc. has a 52-week low of $33.24 and a 52-week high of $63.00.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $493.85 million for the quarter, compared to the consensus estimate of $487.33 million. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.Dynatrace’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. Analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the business’s 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 owned 23,380 shares in the company, valued at $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Zugelder sold 7,505 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total transaction of $339,751.35. Following the completion of the sale, the executive vice president owned 8,925 shares of the company’s stock, valued at approximately $404,034.75. This represents a 45.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 39,843 shares of company stock worth $1,846,424. 0.57% of the stock is owned by insiders.

About Dynatrace

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.