Carnegie Capital Asset Management LLC raised its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,645 shares of the company’s stock after buying an additional 21,880 shares during the period. Carnegie Capital Asset Management LLC owned 0.06% of Dynatrace worth $9,989,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Dynatrace by 8.8% in the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock valued at $1,117,596,000 after purchasing an additional 1,940,604 shares during the last quarter. BlackRock Inc. grew its position in Dynatrace by 2.1% during the first quarter. BlackRock Inc. now owns 23,086,920 shares of the company’s stock worth $976,577,000 after buying an additional 467,760 shares in the last quarter. FMR LLC grew its position in Dynatrace by 3.1% during the third quarter. FMR LLC now owns 18,213,109 shares of the company’s stock worth $851,099,000 after buying an additional 555,739 shares in the last quarter. Brown Advisory Inc. grew its position in Dynatrace by 2.0% during the third quarter. Brown Advisory Inc. now owns 11,772,653 shares of the company’s stock worth $550,136,000 after buying an additional 229,631 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Dynatrace by 2,277.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company’s stock worth $293,315,000 after buying an additional 6,642,452 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
Dynatrace Stock Down 3.5 %
Shares of DT stock traded down $1.68 during trading hours on Friday, hitting $45.85. 1,830,624 shares of the company’s stock traded hands, compared to its average volume of 3,150,836. The stock’s 50 day simple moving average is $48.84 and its 200 day simple moving average is $50.91. The stock has a market cap of $13.50 billion, a PE ratio of 69.47, a price-to-earnings-growth ratio of 3.92 and a beta of 1.07. Dynatrace, Inc. has a 12 month low of $40.43 and a 12 month high of $61.41.
Dynatrace (NYSE:DT – Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm 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%. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on DT shares. JPMorgan Chase & Co. decreased their target price on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Scotiabank raised their price target on shares of Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Wolfe Research started coverage on shares of Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 price target for the company. Citigroup raised their price target on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Rosenblatt Securities raised their price target on shares of Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.04.
Check Out Our Latest Analysis on DT
Insider Buying and Selling
In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total value of $371,025.00. Following the completion of the sale, the senior vice president now directly owns 96,020 shares in the company, valued at $5,401,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders sold 14,285,187 shares of company stock valued at $751,264,421 over the last quarter. Insiders own 0.54% of the company’s stock.
About Dynatrace
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.
Recommended Stories
Before you consider Dynatrace, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Dynatrace wasn’t on the list.
While Dynatrace currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You’d need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.