Virtu Financial LLC Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Virtu Financial LLC grew its position in Dynatrace, Inc. (NYSE:DT) by 95.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,187 shares of the company’s stock after acquiring an additional 12,271 shares during the quarter. Virtu Financial LLC’s holdings in Dynatrace were worth $1,127,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DT. DSM Capital Partners LLC bought a new stake in shares of Dynatrace during the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its stake in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace during the second quarter worth $26,000. Versant Capital Management Inc boosted its stake in shares of Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Finally, Rise Advisors LLC bought a new position in shares of Dynatrace in the first quarter worth about $30,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Down 0.5 %

Shares of Dynatrace stock opened at $51.82 on Thursday. The firm’s 50 day simple moving average is $47.33 and its two-hundred day simple moving average is $46.48. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock valued at $3,804,069 over the last quarter. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DT. Wedbush reissued a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Piper Sandler initiated coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective on the stock. Wells Fargo & Company lowered their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, BMO Capital Markets raised their price target on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

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.