Ensign Peak Advisors Inc Acquires 195,604 Shares of Dynatrace, Inc. (NYSE:DT)

Ensign Peak Advisors Inc boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 140.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,440 shares of the company’s stock after buying an additional 195,604 shares during the period. Ensign Peak Advisors Inc owned approximately 0.11% of Dynatrace worth $14,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. lifted its position in shares of Dynatrace by 11.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 76,763 shares of the company’s stock worth $3,434,000 after acquiring an additional 8,116 shares during the period. Sei Investments Co. grew its holdings in shares of Dynatrace by 21.5% in the 2nd quarter. Sei Investments Co. now owns 748,400 shares of the company’s stock worth $33,483,000 after purchasing an additional 132,533 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Dynatrace by 3.0% during the 2nd quarter. Pacer Advisors Inc. now owns 65,234 shares of the company’s stock worth $2,919,000 after purchasing an additional 1,928 shares in the last quarter. Bridges Investment Management Inc. bought a new position in Dynatrace during the 2nd quarter valued at about $507,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Dynatrace by 56.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 20,344 shares of the company’s stock valued at $910,000 after buying an additional 7,331 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $52.01 on Tuesday. The company has a 50 day moving average price of $47.80 and a two-hundred day moving average price of $46.57. The company has a market capitalization of $15.51 billion, a PE ratio of 100.02, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, sell-side analysts forecast 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 business’s 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 completion of the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the business’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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the 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 transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The disclosure for this sale can be found here. Insiders have sold a total of 76,426 shares of company stock valued at $3,804,069 over the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Loop Capital cut their price objective on 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 decreased their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Finally, Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

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.