Assetmark Inc. Purchases 1,273 Shares of Dynatrace, Inc. (NYSE:DT)

Assetmark Inc. lifted its stake in Dynatrace, Inc. (NYSE:DTGet Rating) by 93.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,637 shares of the company’s stock after purchasing an additional 1,273 shares during the period. Assetmark Inc.’s holdings in Dynatrace were worth $92,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Dynatrace by 20.8% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,353 shares of the company’s stock worth $2,171,000 after purchasing an additional 10,740 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Dynatrace during the 3rd quarter worth $5,030,000. Comerica Bank acquired a new stake in Dynatrace during the 3rd quarter worth $3,129,000. Securian Asset Management Inc. acquired a new stake in Dynatrace during the 3rd quarter worth $639,000. Finally, Covea Finance acquired a new stake in Dynatrace during the 3rd quarter worth $1,462,000. 97.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on DT shares. Robert W. Baird dropped their price objective on Dynatrace from $49.00 to $40.00 in a research note on Thursday, November 3rd. Canaccord Genuity Group dropped their price target on Dynatrace from $55.00 to $47.00 in a research note on Thursday, November 3rd. Truist Financial dropped their price target on Dynatrace from $50.00 to $45.00 in a research note on Monday, January 9th. Macquarie began coverage on Dynatrace in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Wedbush began coverage on Dynatrace in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $35.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.63.

Dynatrace Trading Up 2.8 %

Dynatrace stock opened at $37.03 on Friday. Dynatrace, Inc. has a 52 week low of $29.41 and a 52 week high of $56.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $10.66 billion, a P/E ratio of 370.34, a PEG ratio of 5.05 and a beta of 1.18. The stock has a 50-day simple moving average of $37.52 and a 200 day simple moving average of $37.41.

Dynatrace (NYSE:DTGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $279.33 million during the quarter, compared to analysts’ expectations of $273.92 million. Dynatrace had a return on equity of 7.69% and a net margin of 2.71%. Analysts expect that Dynatrace, Inc. will post 0.38 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CAO Alicia Allen sold 31,985 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $39.77, for a total value of $1,272,043.45. Following the transaction, the chief accounting officer now directly owns 87,281 shares of the company’s stock, valued at approximately $3,471,165.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.51% of the company’s stock.

About Dynatrace

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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