Ameritas Investment Partners Inc. Acquires 8,116 Shares of Dynatrace, Inc. (NYSE:DT)

Ameritas Investment Partners Inc. lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,763 shares of the company’s stock after acquiring an additional 8,116 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Dynatrace were worth $3,434,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. DSM Capital Partners LLC bought a new position in Dynatrace during the fourth quarter worth $28,000. Geneos Wealth Management Inc. boosted its holdings in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace during the 2nd quarter worth about $26,000. Versant Capital Management Inc grew its stake in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Dynatrace in the 1st quarter valued at about $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on DT shares. Scotiabank upped their target price on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Piper Sandler began coverage on Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective on the stock. Loop Capital reduced their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, BMO Capital Markets increased their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.70.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,426 shares of company stock worth $3,804,069. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Stock Down 1.6 %

Dynatrace stock opened at $51.34 on Friday. The stock has a market cap of $15.31 billion, a PE ratio of 98.73, a P/E/G 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. The business’s 50-day moving average price is $47.64 and its two-hundred day moving average price is $46.54.

Dynatrace (NYSE:DT) last announced its quarterly 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. The company had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. As a group, analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

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.