Mercer Global Advisors Inc. ADV Has $907,000 Stake in Dynatrace, Inc. (NYSE:DT)

Mercer Global Advisors Inc. ADV grew its holdings in Dynatrace, Inc. (NYSE:DT) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,262 shares of the company’s stock after purchasing an additional 406 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Dynatrace were worth $907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DT. Vanguard Group Inc. raised its stake in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after acquiring 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 worth $2,251,000 after purchasing an additional 22,928 shares during the last quarter. Norden Group LLC acquired a new position in Dynatrace during the 1st quarter worth $5,546,000. Crestline Management LP boosted 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 buying an additional 165,190 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of 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 buying an additional 157,739 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

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 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 $33,505,230.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction 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 completion of 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 filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,426 shares of company stock valued at $3,804,069. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DT. Loop Capital decreased their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Guggenheim reduced their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Wedbush reissued a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Scotiabank upped their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $59.70.

Dynatrace Stock Performance

NYSE DT opened at $52.48 on Thursday. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 100.93, a PEG ratio of 7.83 and a beta of 1.05. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The stock’s 50 day moving average price is $47.97 and its two-hundred day moving average price is $46.61.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 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 during the quarter, compared to analysts’ expectations of $392.22 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. On average, equities research analysts forecast that Dynatrace, Inc. will post 0.71 EPS 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.