World Investment Advisors Makes New $256,000 Investment in Dynatrace, Inc. $DT

World Investment Advisors bought a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,636 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New York Life Investment Management LLC lifted its holdings in Dynatrace by 7.4% during the second quarter. New York Life Investment Management LLC now owns 31,644 shares of the company’s stock worth $1,747,000 after acquiring an additional 2,177 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Dynatrace by 30.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 155,246 shares of the company’s stock valued at $8,571,000 after purchasing an additional 36,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Dynatrace by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,350,271 shares of the company’s stock valued at $74,548,000 after purchasing an additional 78,323 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Dynatrace by 216.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 109,018 shares of the company’s stock valued at $6,019,000 after purchasing an additional 74,575 shares in the last quarter. Finally, Shaker Investments LLC OH bought a new stake in shares of Dynatrace in the second quarter valued at about $1,103,000. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was 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 of the company’s stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the transaction, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. The trade was a 84.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,602 shares of company stock valued at $529,579. 0.57% of the stock is owned by insiders.

Dynatrace Stock Down 1.7%

Shares of NYSE DT opened at $49.62 on Wednesday. The business’s 50 day moving average price is $49.21 and its two-hundred day moving average price is $50.84. The company has a market cap of $14.96 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 4.45 and a beta of 0.85. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

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

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research reports. Wall Street Zen lowered Dynatrace from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a report on Wednesday, October 8th. BMO Capital Markets cut their price target on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company assumed coverage on Dynatrace in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 target price on the stock. Finally, Guggenheim lifted their target price on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.09.

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.