International Assets Investment Management LLC Makes New $2.85 Million Investment in Dynatrace, Inc. (NYSE:DT)

International Assets Investment Management LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,065 shares of the company’s stock, valued at approximately $2,847,000.

A number of other institutional investors also recently bought and sold shares of DT. Price T Rowe Associates Inc. MD raised its position in Dynatrace by 2,277.3% during the 1st 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 during the last quarter. American Century Companies Inc. increased its holdings in shares of Dynatrace by 11,824.1% during the 3rd 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. State Street Corp increased its holdings in shares of Dynatrace by 55.7% during the 3rd quarter. State Street Corp now owns 6,202,122 shares of the company’s stock valued at $215,896,000 after purchasing an additional 2,218,679 shares in the last quarter. Norges Bank purchased a new position in shares of Dynatrace during the 4th quarter valued at approximately $82,232,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of Dynatrace during the 1st quarter valued at approximately $84,600,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Rick M. Mcconnell sold 1,991 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares in the company, valued at $26,687,242.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is currently owned by company insiders.

Dynatrace Trading Up 4.1 %

DT stock opened at $46.26 on Friday. The company has a market capitalization of $13.62 billion, a P/E ratio of 70.09, a PEG ratio of 3.82 and a beta of 1.07. Dynatrace, Inc. has a twelve month low of $40.43 and a twelve month high of $61.41. The business has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $50.84.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 11.92% and a net margin of 14.44%. Research analysts predict that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DT has been the subject of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, April 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Citigroup lifted their target price on shares of Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Jefferies Financial Group raised shares of Dynatrace from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $70.00 in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $61.04.

Dynatrace Company 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.