Cim LLC Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

Cim LLC lifted its stake in Dynatrace, Inc. (NYSE:DT) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,485 shares of the company’s stock after acquiring an additional 926 shares during the quarter. Cim LLC’s holdings in Dynatrace were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DT. Vanguard Group Inc. lifted its stake in shares of Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. US Bancorp DE boosted its holdings 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 buying an additional 22,928 shares during the period. Norden Group LLC purchased a new stake in Dynatrace in the 1st quarter worth $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after acquiring an additional 157,739 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of Dynatrace in the second quarter valued at about $1,295,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 2.5 %

Shares of DT opened at $52.12 on Wednesday. The firm has a market cap of $15.54 billion, a PE ratio of 100.23, a P/E/G ratio of 7.83 and a beta of 1.05. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a fifty day moving average price of $48.86 and a 200-day moving average price of $46.83.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on DT shares. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Scotiabank boosted their price target on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Loop Capital decreased their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Piper Sandler began coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective on the stock. Finally, Guggenheim upped their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $60.09.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’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 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 legal filing with the SEC, which is available through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction 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 that occurred on Friday, September 6th. The stock was 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 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. 0.54% of the stock is currently owned by company insiders.

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.