11,325 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,325 shares of the company’s stock, valued at approximately $507,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. US Bancorp DE raised its position in Dynatrace by 89.7% in the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after purchasing an additional 22,928 shares during the last quarter. Norden Group LLC bought a new position in Dynatrace in the 1st quarter valued at $5,546,000. Crestline Management LP raised its position in Dynatrace by 385.3% in the 4th quarter. Crestline Management LP now owns 208,064 shares of the company’s stock valued at $11,379,000 after purchasing an additional 165,190 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Dynatrace by 640.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after purchasing an additional 157,739 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on 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 sale, 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 can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $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. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DT. BMO Capital Markets lifted their price objective on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Loop Capital lowered their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Guggenheim lowered their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Piper Sandler started coverage on Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, Wedbush reissued a “neutral” rating and issued a $55.00 target price on shares of Dynatrace 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.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Dynatrace Trading Down 1.6 %

NYSE:DT opened at $51.35 on Friday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 98.75, a PEG ratio of 7.63 and a beta of 1.05. The stock has a 50-day moving average price of $47.64 and a two-hundred day moving average price of $46.53. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. During the same period in the prior year, the business earned $0.16 EPS. Dynatrace’s revenue for the quarter was up 19.9% compared to the same quarter last year. Sell-side analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Dynatrace 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.