ProShare Advisors LLC Boosts Stake in Dynatrace, Inc. (NYSE:DT)

ProShare Advisors LLC boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,293 shares of the company’s stock after acquiring an additional 2,105 shares during the quarter. ProShare Advisors LLC’s holdings in Dynatrace were worth $818,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc increased its holdings in Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace during the 2nd quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Dynatrace during the 1st quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is owned by insiders.

Dynatrace Price Performance

Shares of DT stock opened at $52.99 on Friday. The firm’s 50-day simple moving average is $48.51 and its 200-day simple moving average is $46.74. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The firm has a market cap of $15.80 billion, a P/E ratio of 101.90, a PEG ratio of 7.83 and a beta of 1.05.

Dynatrace (NYSE:DT) last posted its quarterly 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 net margin of 10.36% and a return on equity of 9.77%. The company had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same quarter last year, the firm posted $0.16 earnings per share. Dynatrace’s revenue was up 19.9% on a year-over-year basis. Analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Guggenheim lifted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler started coverage on Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Scotiabank increased their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.09.

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.