Swedbank AB Buys 54,700 Shares of Dynatrace, Inc. $DT

Swedbank AB lifted its stake in Dynatrace, Inc. (NYSE:DT) by 43.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,426 shares of the company’s stock after buying an additional 54,700 shares during the quarter. Swedbank AB owned about 0.06% of Dynatrace worth $9,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Dynatrace by 79.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock worth $329,477,000 after buying an additional 3,092,576 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Dynatrace by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company’s stock worth $128,638,000 after buying an additional 1,621,136 shares during the period. Nuveen LLC bought a new position in shares of Dynatrace in the first quarter worth about $53,036,000. Goldman Sachs Group Inc. raised its stake in shares of Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock worth $413,445,000 after buying an additional 1,124,207 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Dynatrace by 587.0% during the first quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company’s stock worth $47,139,000 after purchasing an additional 854,250 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DT. Wall Street Zen upgraded Dynatrace from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Guggenheim increased their target price on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Royal Bank Of Canada increased their target price on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets cut their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.72.

Dynatrace Stock Performance

Shares of DT stock opened at $48.40 on Monday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $14.59 billion, a P/E ratio of 29.69, a P/E/G ratio of 4.25 and a beta of 0.91. The stock has a 50 day moving average price of $50.21 and a 200 day moving average price of $50.28.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same period last year, the company earned $0.33 EPS. Dynatrace’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director directly owned 1,012 shares of the company’s stock, valued at $50,367.24. The trade was a 50.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is currently owned by corporate insiders.

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.