Dakota Wealth Management Acquires 1,762 Shares of Dynatrace, Inc. (NYSE:DT)

Dakota Wealth Management raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,923 shares of the company’s stock after acquiring an additional 1,762 shares during the quarter. Dakota Wealth Management’s holdings in Dynatrace were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DT. Vanguard Group Inc. increased its holdings in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. US Bancorp DE increased its holdings in shares of Dynatrace by 89.7% in the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after purchasing an additional 22,928 shares during the last quarter. Norden Group LLC bought a new stake in shares of Dynatrace in the first quarter worth about $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Dynatrace by 640.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after purchasing an additional 157,739 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Dynatrace in the second quarter worth about $1,295,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Down 0.1 %

Dynatrace stock opened at $54.07 on Monday. The business has a fifty day moving average of $52.02 and a two-hundred day moving average of $47.79. The firm has a market cap of $16.12 billion, a P/E ratio of 103.98, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. Dynatrace’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of several research reports. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Guggenheim boosted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Scotiabank boosted their price objective on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

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.