Congress Asset Management Co. Has $133.75 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Congress Asset Management Co. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 23.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,501,451 shares of the company’s stock after acquiring an additional 482,017 shares during the quarter. Congress Asset Management Co.’s holdings in Dynatrace were worth $133,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DT. Vanguard Group Inc. grew its holdings in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after buying an additional 583,220 shares in the last quarter. American Century Companies Inc. boosted its position in Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares during the last quarter. RGM Capital LLC increased its stake in shares of Dynatrace by 6.2% in the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after buying an additional 225,000 shares during the period. Finally, Eminence Capital LP acquired a new position in shares of Dynatrace during the second quarter valued at $158,369,000. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DT has been the subject of a number of research reports. Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective for the company. Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $64.00 in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $60.46.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 over the last three months. Insiders own 0.54% of the company’s stock.

Dynatrace Stock Performance

NYSE DT traded down $0.43 on Thursday, reaching $54.63. The company had a trading volume of 140,961 shares, compared to its average volume of 3,311,312. The company’s fifty day moving average is $52.30 and its 200-day moving average is $47.95. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 105.88, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same quarter last year, the firm earned $0.16 EPS. Dynatrace’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, research analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Dynatrace Company 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.