Ieq Capital LLC Takes $212,000 Position in Dynatrace, Inc. (NYSE:DT)

Posted by on Jul 28th, 2023

Ieq Capital LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,016 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DnB Asset Management AS purchased a new position in Dynatrace in the 1st quarter valued at $1,827,000. ProShare Advisors LLC lifted its holdings in Dynatrace by 4.6% in the 4th quarter. ProShare Advisors LLC now owns 18,136 shares of the company’s stock valued at $695,000 after purchasing an additional 805 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Dynatrace by 0.9% in the 4th quarter. Retirement Systems of Alabama now owns 265,579 shares of the company’s stock worth $10,172,000 after acquiring an additional 2,253 shares during the last quarter. Aviva PLC increased its stake in shares of Dynatrace by 703.1% in the 4th quarter. Aviva PLC now owns 188,272 shares of the company’s stock worth $7,211,000 after acquiring an additional 164,829 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of Dynatrace in the 4th quarter worth $320,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DT. BTIG Research raised Dynatrace from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, May 18th. BMO Capital Markets raised their target price on Dynatrace from $55.00 to $57.00 in a research note on Thursday, June 29th. Citigroup cut their target price on Dynatrace from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, April 21st. JPMorgan Chase & Co. raised their target price on Dynatrace from $53.00 to $57.00 in a research note on Wednesday. Finally, VNET Group reaffirmed a “maintains” rating on shares of Dynatrace in a research note on Thursday, May 18th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.27.

Insider Buying and Selling at Dynatrace

In other news, CAO Alicia Allen sold 1,500 shares of Dynatrace stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $54.96, for a total value of $82,440.00. Following the completion of the transaction, the chief accounting officer now owns 92,680 shares in the company, valued at approximately $5,093,692.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Alicia Allen sold 1,500 shares of Dynatrace stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $54.96, for a total value of $82,440.00. Following the completion of the transaction, the chief accounting officer now owns 92,680 shares in the company, valued at approximately $5,093,692.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 98,323 shares of Dynatrace stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $51.75, for a total value of $5,088,215.25. Following the completion of the transaction, the chief executive officer now owns 615,634 shares of the company’s stock, valued at approximately $31,859,059.50. The disclosure for this sale can be found here. Insiders sold a total of 18,207,407 shares of company stock valued at $943,913,963 in the last three months. 0.54% of the stock is owned by corporate insiders.

Dynatrace Price Performance

NYSE DT opened at $54.20 on Friday. The company has a market cap of $15.89 billion, a P/E ratio of 146.49, a P/E/G ratio of 13.77 and a beta of 1.07. The stock has a 50-day moving average of $51.61 and a two-hundred day moving average of $45.06. Dynatrace, Inc. has a 1-year low of $31.54 and a 1-year high of $55.87.

Dynatrace (NYSE:DT – Get Free Report) last released its earnings results on Wednesday, May 17th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. The company had revenue of $314.48 million during the quarter, compared to the consensus estimate of $303.51 million. Dynatrace had a return on equity of 10.81% and a net margin of 9.32%. On average, analysts anticipate that Dynatrace, Inc. will post 0.43 EPS for the current fiscal year.

Dynatrace Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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