Natixis Advisors L.P. Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Natixis Advisors L.P. increased its holdings in Dynatrace, Inc. (NYSE:DT) by 55.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,941 shares of the company’s stock after buying an additional 49,588 shares during the quarter. Natixis Advisors L.P.’s holdings in Dynatrace were worth $7,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Retirement Systems of Alabama boosted its holdings in shares of Dynatrace by 0.7% in the fourth quarter. Retirement Systems of Alabama now owns 298,658 shares of the company’s stock worth $16,334,000 after buying an additional 2,033 shares during the last quarter. Cercano Management LLC purchased a new position in Dynatrace during the fourth quarter valued at approximately $32,022,000. Headlands Technologies LLC purchased a new position in Dynatrace during the fourth quarter valued at approximately $213,000. Truist Financial Corp lifted its holdings in Dynatrace by 8.4% during the fourth quarter. Truist Financial Corp now owns 26,560 shares of the company’s stock valued at $1,453,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Dynatrace by 24.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,661 shares of the company’s stock valued at $583,000 after purchasing an additional 2,090 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 0.7 %

DT opened at $46.40 on Friday. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 70.30, a PEG ratio of 3.95 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $43.29 and a 12 month high of $61.41. The stock has a fifty day moving average price of $46.40 and a 200-day moving average price of $50.73.

Dynatrace (NYSE:DT) last announced its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. On average, equities research analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Capital One Financial assumed coverage on shares of Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. TD Cowen lowered their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Barclays lowered their target price on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Insider Activity at Dynatrace

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

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.