GAMMA Investing LLC Makes New Investment in Dynatrace, Inc. (NYSE:DT)

GAMMA Investing LLC acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 4th quarter, Holdings Channel reports. The fund acquired 1,616 shares of the company’s stock, valued at approximately $92,000.

Several other large investors also recently added to or reduced their stakes in DT. Contravisory Investment Management Inc. bought a new stake in Dynatrace during the fourth quarter worth approximately $25,000. FinTrust Capital Advisors LLC bought a new position in shares of Dynatrace during the third quarter valued at approximately $35,000. Planned Solutions Inc. bought a new position in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Lindbrook Capital LLC grew its stake in shares of Dynatrace by 35.9% during the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after buying an additional 187 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Dynatrace by 48.8% during the fourth quarter. Blue Trust Inc. now owns 2,047 shares of the company’s stock valued at $112,000 after buying an additional 671 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the transaction, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the transaction, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DT. JMP Securities upped their target price on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Wolfe Research began coverage on Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Monday, April 1st. TD Cowen cut their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Stock Down 1.3 %

Dynatrace stock opened at $46.51 on Tuesday. The business has a fifty day moving average of $46.90 and a two-hundred day moving average of $50.82. The firm has a market cap of $13.69 billion, a P/E ratio of 70.47, a P/E/G ratio of 4.04 and a beta of 1.07. Dynatrace, Inc. has a twelve month low of $40.57 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. Equities analysts expect that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

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.