Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 14,244 Shares of Dynatrace, Inc. (NYSE:DT)

Posted by on Aug 13th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Dynatrace, Inc. (NYSE:DT – Free Report) by 22.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 76,597 shares of the company’s stock after acquiring an additional 14,244 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dynatrace were worth $3,240,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DT. Lazard Asset Management LLC raised its stake in shares of Dynatrace by 14,475.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,749 shares of the company’s stock worth $66,000 after purchasing an additional 1,737 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Dynatrace during the 1st quarter worth approximately $85,000. Quadrant Capital Group LLC raised its stake in shares of Dynatrace by 72.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,288 shares of the company’s stock worth $88,000 after purchasing an additional 964 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Dynatrace during the 4th quarter worth approximately $94,000. Finally, Penserra Capital Management LLC raised its stake in shares of Dynatrace by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,046 shares of the company’s stock worth $96,000 after purchasing an additional 682 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CAO Alicia Allen sold 1,500 shares of the 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 directly owns 92,680 shares in the company, valued at $5,093,692.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Alicia Allen sold 1,500 shares of the 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 sale, the chief accounting officer now owns 92,680 shares of the company’s stock, valued at $5,093,692.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Stephen J. Pace sold 52,944 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $50.95, for a total value of $2,697,496.80. Following the sale, the executive now directly owns 127,790 shares of the company’s stock, valued at approximately $6,510,900.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,207,407 shares of company stock worth $943,913,963. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Dynatrace from $53.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. TheStreet raised Dynatrace from a “c” rating to a “b” rating in a report on Wednesday, May 17th. Barclays decreased their target price on Dynatrace from $55.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, August 3rd. Royal Bank of Canada upped their price objective on Dynatrace from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Finally, DA Davidson began coverage on Dynatrace in a report on Monday, June 5th. They issued a “neutral” rating and a $50.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.23.

Read Our Latest Report on DT

Dynatrace Stock Down 0.5 %

Shares of DT stock opened at $45.93 on Friday. Dynatrace, Inc. has a twelve month low of $31.54 and a twelve month high of $55.87. The company has a market cap of $13.47 billion, a P/E ratio of 93.73, a P/E/G ratio of 7.77 and a beta of 1.07. The business has a fifty day simple moving average of $51.52 and a 200 day simple moving average of $46.05.

Dynatrace (NYSE:DT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 17th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.11. The business 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 11.81% and a net margin of 11.77%. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.61 earnings per share 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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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