SageView Advisory Group LLC Makes New $539,000 Investment in Dynatrace, Inc. (NYSE:DT)

SageView Advisory Group LLC purchased a new position in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,085 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds have also made changes to their positions in the company. Ardsley Advisory Partners LP purchased a new stake in shares of Dynatrace in the third quarter worth approximately $1,881,000. Raymond James & Associates lifted its position in shares of Dynatrace by 10.8% in the fourth quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after purchasing an additional 22,903 shares in the last quarter. United Asset Strategies Inc. purchased a new stake in shares of Dynatrace in the fourth quarter worth approximately $1,556,000. Ameriprise Financial Inc. lifted its position in shares of Dynatrace by 10.3% in the third quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after purchasing an additional 375,463 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Dynatrace by 24.1% in the third quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after purchasing an additional 134,792 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the sale, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the sale, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Trading Down 4.7 %

Shares of Dynatrace stock opened at $43.26 on Wednesday. The company’s fifty day simple moving average is $46.38 and its 200-day simple moving average is $50.17. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 83.19, a PEG ratio of 6.93 and a beta of 1.05. Dynatrace, Inc. has a 1 year low of $43.15 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $380.85 million during the quarter, compared to analyst estimates of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. As a group, research analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DT. Truist Financial reissued a “buy” rating and issued a $60.00 price target (down from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, May 16th. Wells Fargo & Company cut their price objective on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Finally, Royal Bank of Canada cut their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.54.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.