Raiffeisen Bank International AG Takes $21.06 Million Position in Dynatrace, Inc. (NYSE:DT)

Raiffeisen Bank International AG bought a new stake in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 389,190 shares of the company’s stock, valued at approximately $21,055,000.

Several other large investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its holdings in Dynatrace by 16.9% in the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,251 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Dynatrace during the 4th quarter worth approximately $842,000. Allstate Corp purchased a new position in Dynatrace in the fourth quarter valued at approximately $471,000. Artemis Investment Management LLP grew its stake in Dynatrace by 18.4% during the fourth quarter. Artemis Investment Management LLP now owns 343,161 shares of the company’s stock worth $18,651,000 after buying an additional 53,271 shares during the period. Finally, Metis Global Partners LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth $571,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on DT. Barclays dropped their target price on Dynatrace from $67.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Morgan Stanley lowered their price target on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $60.41.

Dynatrace Stock Up 5.0%

NYSE:DT opened at $53.09 on Thursday. The stock has a fifty day simple moving average of $46.82 and a 200 day simple moving average of $52.65. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 14th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. Equities analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

About Dynatrace

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.