Exchange Traded Concepts LLC Grows Stake in Dynatrace, Inc. $DT

Exchange Traded Concepts LLC grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,760 shares of the company’s stock after purchasing an additional 654 shares during the period. Exchange Traded Concepts LLC’s holdings in Dynatrace were worth $1,091,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CX Institutional purchased a new position in shares of Dynatrace during the 1st quarter valued at $40,000. Brooklyn Investment Group lifted its holdings in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace during the 1st quarter worth $45,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after acquiring an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its holdings in shares of Dynatrace by 344.0% during the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock worth $52,000 after acquiring an additional 860 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,099 shares of company stock worth $154,429 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Dynatrace Stock Up 0.7%

Dynatrace stock opened at $48.70 on Tuesday. The firm has a fifty day simple moving average of $50.14 and a two-hundred day simple moving average of $50.26. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market capitalization of $14.68 billion, a PE ratio of 29.88, a P/E/G ratio of 4.25 and a beta of 0.91.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DT. Guggenheim lifted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. BMO Capital Markets dropped their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. KeyCorp began coverage on shares of Dynatrace in a report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 price objective for the company. Finally, Oppenheimer started coverage on shares of Dynatrace in a report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.72.

Dynatrace Company Profile

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.