Prosperity Consulting Group LLC Makes New $292,000 Investment in Dynatrace, Inc. $DT

Prosperity Consulting Group LLC bought a new stake in Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,287 shares of the company’s stock, valued at approximately $292,000.

Other large investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Dynatrace by 79.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock valued at $329,477,000 after acquiring an additional 3,092,576 shares during the period. Ameriprise Financial Inc. grew its position in Dynatrace by 146.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company’s stock valued at $128,638,000 after purchasing an additional 1,621,136 shares during the period. Nuveen LLC acquired a new stake in Dynatrace in the 1st quarter valued at $53,036,000. Goldman Sachs Group Inc. grew its position in Dynatrace by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock valued at $413,445,000 after purchasing an additional 1,124,207 shares during the period. Finally, Congress Asset Management Co. grew its holdings in shares of Dynatrace by 53.2% during the second quarter. Congress Asset Management Co. now owns 3,118,815 shares of the company’s stock valued at $172,190,000 after buying an additional 1,082,413 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the transaction, the executive vice president owned 1,420 shares in the company, valued at approximately $71,000. This represents a 84.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the company’s 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 completion of the transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,602 shares of company stock worth $529,579 over the last three months. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Down 4.5%

Shares of NYSE DT opened at $47.40 on Thursday. The stock’s 50 day moving average price is $49.15 and its 200-day moving average price is $50.81. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market capitalization of $14.29 billion, a PE ratio of 29.08, a PEG ratio of 4.38 and a beta of 0.85.

Dynatrace (NYSE:DT) last issued 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 company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. As a group, research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DT shares. Wells Fargo & Company started coverage on shares of Dynatrace in a report on Tuesday, September 30th. They set an “overweight” rating and a $65.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dynatrace in a research note on Wednesday, October 8th. BMO Capital Markets cut their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.