MBB Public Markets I LLC Invests $830,000 in Dynatrace, Inc. (NYSE:DT)

MBB Public Markets I LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,550 shares of the company’s stock, valued at approximately $830,000.

Several other institutional investors have also made changes to their positions in DT. Vanguard Group Inc. grew its stake in Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC increased its stake in Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after acquiring an additional 583,220 shares during the last quarter. American Century Companies Inc. increased its stake in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after acquiring an additional 782,588 shares during the last quarter. RGM Capital LLC raised its position in Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after purchasing an additional 225,000 shares in the last quarter. Finally, Eminence Capital LP bought a new stake in Dynatrace during the second quarter worth $158,369,000. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DT has been the topic of several recent analyst reports. Guggenheim lifted their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Scotiabank lifted their target price on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Loop Capital dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Six 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.09.

Dynatrace Price Performance

Dynatrace stock opened at $52.12 on Wednesday. The stock’s 50 day moving average is $48.86 and its 200 day moving average is $46.83. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The firm has a market cap of $15.54 billion, a P/E ratio of 100.23, a P/E/G ratio of 7.83 and a beta of 1.05.

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

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the firm’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 transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 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 SEC, which is available at the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the 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 directly owns 217,465 shares in the company, valued at approximately $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 currently owned by insiders.

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.