OLD National Bancorp IN Buys New Stake in Dynatrace, Inc. (NYSE:DT)

OLD National Bancorp IN bought a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,033 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DT. American Century Companies Inc. grew its holdings in shares of Dynatrace by 11,824.1% in the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after purchasing an additional 2,391,545 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dynatrace by 8.8% during the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after buying an additional 1,940,604 shares during the period. Handelsbanken Fonder AB boosted its stake in Dynatrace by 104.7% during the fourth quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after buying an additional 956,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Dynatrace during the fourth quarter worth $45,152,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Dynatrace by 56.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,892,822 shares of the company’s stock worth $103,518,000 after buying an additional 682,200 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, April 19th. JMP Securities lifted their price objective on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Capital One Financial assumed coverage on shares of Dynatrace in a research note on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price objective for the company. Jefferies Financial Group raised shares of Dynatrace from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Finally, Truist Financial lifted their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Price Performance

DT stock opened at $46.61 on Friday. The business has a 50-day moving average price of $47.07 and a 200 day moving average price of $50.81. The company has a market capitalization of $13.72 billion, a P/E ratio of 70.62, a PEG ratio of 4.01 and a beta of 1.07. Dynatrace, Inc. has a 1-year low of $40.57 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last announced its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. On average, analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.