Intech Investment Management LLC Raises Stock Position in Dynatrace, Inc. (NYSE:DT)

Intech Investment Management LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,558 shares of the company’s stock after purchasing an additional 7,495 shares during the quarter. Intech Investment Management LLC’s holdings in Dynatrace were worth $1,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DT. Blair William & Co. IL increased its holdings in Dynatrace by 4.5% during the 2nd quarter. Blair William & Co. IL now owns 535,917 shares of the company’s stock valued at $23,977,000 after acquiring an additional 23,314 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Dynatrace by 10.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,076 shares of the company’s stock worth $1,122,000 after purchasing an additional 2,389 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Dynatrace by 2.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,262 shares of the company’s stock worth $907,000 after purchasing an additional 406 shares during the last quarter. Virtu Financial LLC lifted its stake in Dynatrace by 95.0% in the 2nd quarter. Virtu Financial LLC now owns 25,187 shares of the company’s stock valued at $1,127,000 after buying an additional 12,271 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Dynatrace by 68.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock valued at $51,601,000 after buying an additional 467,121 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now 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. Insiders have sold 76,426 shares of company stock valued at $3,804,069 in the last quarter. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Piper Sandler began coverage on shares of Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, August 8th. Loop Capital lowered their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Finally, Scotiabank increased their price target on Dynatrace from $52.00 to $55.00 and gave the stock a “sector 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.70.

Dynatrace Price Performance

Shares of DT 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 stock’s 50-day moving average is $47.80 and its two-hundred day moving average is $46.57. The stock has a market cap of $15.51 billion, a PE ratio of 100.02, a P/E/G ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. Dynatrace’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. On average, research analysts anticipate 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.