Quantbot Technologies LP Increases Stake in Dynatrace, Inc. (NYSE:DT)

Quantbot Technologies LP boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 442.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,889 shares of the company’s stock after purchasing an additional 122,269 shares during the period. Quantbot Technologies LP’s holdings in Dynatrace were worth $6,961,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in Dynatrace by 5.0% in the third quarter. Legal & General Group Plc now owns 781,912 shares of the company’s stock valued at $36,539,000 after acquiring an additional 37,205 shares during the period. Comerica Bank grew its stake in shares of Dynatrace by 4,760.1% in the 3rd quarter. Comerica Bank now owns 300,989 shares of the company’s stock valued at $14,065,000 after buying an additional 294,796 shares during the period. Deutsche Bank AG increased its stake in Dynatrace by 1.9% during the third quarter. Deutsche Bank AG now owns 1,058,161 shares of the company’s stock worth $49,448,000 after acquiring an additional 19,819 shares during the last quarter. American Century Companies Inc. raised its holdings in Dynatrace by 11,824.1% in the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after buying an additional 2,391,545 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Dynatrace by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after acquiring an additional 1,940,604 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

NYSE DT traded up $0.23 during mid-day trading on Friday, reaching $44.09. 2,090,115 shares of the stock were exchanged, compared to its average volume of 3,661,039. The business’s fifty day simple moving average is $45.77 and its 200 day simple moving average is $48.99. The stock has a market capitalization of $13.15 billion, a PE ratio of 84.35, a PEG ratio of 6.47 and a beta of 1.04. Dynatrace, Inc. has a 1-year low of $42.31 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $380.85 million for the quarter, compared to analyst estimates of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the transaction, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the transaction, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DT. JPMorgan Chase & Co. dropped their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Truist Financial reiterated a “buy” rating and set a $60.00 target price (down previously from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Barclays reduced their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. BMO Capital Markets decreased their target price on Dynatrace from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Finally, TD Cowen lowered their price objective on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.96.

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.