IFM Investors Pty Ltd Boosts Holdings in Dynatrace, Inc. $DT

IFM Investors Pty Ltd increased its stake in Dynatrace, Inc. (NYSE:DT) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,838 shares of the company’s stock after buying an additional 4,627 shares during the period. IFM Investors Pty Ltd’s holdings in Dynatrace were worth $3,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Dynatrace in the second quarter worth $1,308,000. Exchange Traded Concepts LLC increased its stake in Dynatrace by 3.4% during the second quarter. Exchange Traded Concepts LLC now owns 19,760 shares of the company’s stock valued at $1,091,000 after purchasing an additional 654 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Dynatrace by 11.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 111,900 shares of the company’s stock valued at $6,178,000 after purchasing an additional 11,900 shares during the last quarter. Swedbank AB increased its stake in Dynatrace by 43.9% during the second quarter. Swedbank AB now owns 179,426 shares of the company’s stock valued at $9,906,000 after purchasing an additional 54,700 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Dynatrace by 2.7% during the second quarter. Harbor Capital Advisors Inc. now owns 115,398 shares of the company’s stock valued at $6,371,000 after purchasing an additional 3,017 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction that occurred 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 transaction, the director owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,099 shares of company stock valued at $154,429 over the last three months. 0.57% of the stock is owned by insiders.

Dynatrace Stock Up 0.7%

DT stock opened at $48.70 on Tuesday. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a market capitalization of $14.68 billion, a P/E ratio of 29.88, a PEG ratio of 4.25 and a beta of 0.91. The company has a 50-day simple moving average of $50.14 and a 200 day simple moving average of $50.26.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share 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 company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same period in the prior year, the company earned $0.33 EPS. Dynatrace’s revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DT shares. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. Royal Bank Of Canada upped their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Guggenheim upped their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. KeyCorp assumed coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 price target for the company. Finally, Citigroup lowered their price target on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $62.72.

Dynatrace 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.