Wealth Enhancement Advisory Services LLC Acquires New Stake in Dynatrace, Inc. (NYSE:DT)

Wealth Enhancement Advisory Services LLC bought a new position in Dynatrace, Inc. (NYSE:DT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,983 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DT. Vanguard Group Inc. lifted its holdings in Dynatrace by 6.4% during 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 in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after buying an additional 583,220 shares in the last quarter. American Century Companies Inc. boosted its position in shares of 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 period. RGM Capital LLC grew its stake 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 acquiring an additional 225,000 shares in the last quarter. Finally, Eminence Capital LP bought a new stake in Dynatrace during the 2nd quarter worth approximately $158,369,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Down 3.8 %

NYSE:DT opened at $54.32 on Friday. The company has a 50-day moving average price of $52.77 and a 200-day moving average price of $48.29. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 104.96, a P/E/G ratio of 8.02 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

Dynatrace (NYSE:DT) last posted its 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. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. 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 prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction 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 directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BTIG Research boosted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wedbush assumed coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. BMO Capital Markets boosted their price objective on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their target price 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. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.46.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.