Benjamin F. Edwards & Company Inc. Buys 7,331 Shares of Dynatrace, Inc. (NYSE:DT)

Benjamin F. Edwards & Company Inc. increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 56.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,344 shares of the company’s stock after acquiring an additional 7,331 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Dynatrace were worth $910,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position 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 purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc increased its holdings in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Dynatrace during the second quarter worth $26,000. DSM Capital Partners LLC acquired a new stake in Dynatrace in the fourth quarter valued at $28,000. Finally, Rise Advisors LLC bought a new position in shares of Dynatrace in the 1st quarter valued at about $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DT. Piper Sandler began coverage on shares of Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 target price on the stock. Wells Fargo & Company cut their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Loop Capital decreased their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Wedbush restated a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Finally, Scotiabank lifted their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.70.

Dynatrace Stock Up 1.3 %

Shares of Dynatrace stock opened at $52.01 on Tuesday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 100.02, a PEG ratio of 7.63 and a beta of 1.05. The firm’s 50-day moving average price is $47.80 and its two-hundred day moving average price is $46.57.

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

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’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 sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’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 value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,426 shares of company stock valued at $3,804,069. Corporate insiders own 0.54% of the company’s stock.

About Dynatrace

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.