Ballentine Partners LLC Takes $234,000 Position in Dynatrace, Inc. $DT

Ballentine Partners LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,238 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Dynatrace by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock valued at $1,686,000 after acquiring an additional 249 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company’s stock valued at $272,000 after acquiring an additional 253 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock valued at $46,000 after acquiring an additional 256 shares in the last quarter. Illumine Investment Management LLC boosted its holdings in shares of Dynatrace by 0.8% in the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company’s stock valued at $1,585,000 after acquiring an additional 278 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in shares of Dynatrace by 1.2% in the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company’s stock valued at $1,175,000 after acquiring an additional 301 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares of the company’s stock, valued at approximately $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 a total of 3,099 shares of company stock valued at $154,429 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $49.31 on Tuesday. The company has a 50 day moving average price of $49.74 and a 200 day moving average price of $50.26. 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 $14.87 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 4.35 and a beta of 0.91.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was up 19.5% on a year-over-year basis. Equities analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DT shares. Wall Street Zen upgraded shares of Dynatrace from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Citigroup reduced their target price on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a report on Monday, August 18th. Oppenheimer started coverage on shares of Dynatrace in a report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 target price for the company. BMO Capital Markets reduced their target price 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. Finally, Guggenheim raised their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

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.