Rhumbline Advisers Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Posted by Defense World Staff on Aug 28th, 2023

Rhumbline Advisers lifted its stake in Dynatrace, Inc. (NYSE:DT – Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 648,303 shares of the company’s stock after purchasing an additional 58,878 shares during the period. Rhumbline Advisers owned 0.22% of Dynatrace worth $27,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. Lazard Asset Management LLC increased its stake in Dynatrace by 14,475.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,749 shares of the company’s stock valued at $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 in the first quarter worth approximately $85,000. Quadrant Capital Group LLC grew its position in Dynatrace by 72.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,288 shares of the company’s stock valued at $88,000 after buying an additional 964 shares during the period. Belpointe Asset Management LLC bought a new stake in Dynatrace during the fourth quarter valued at approximately $94,000. Finally, Penserra Capital Management LLC lifted its holdings in Dynatrace by 50.0% during the first quarter. Penserra Capital Management LLC now owns 2,046 shares of the company’s stock valued at $96,000 after purchasing an additional 682 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

NYSE DT opened at $46.69 on Monday. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 95.29, a price-to-earnings-growth ratio of 7.85 and a beta of 1.07. The company’s 50-day simple moving average is $50.42 and its two-hundred day simple moving average is $46.39. Dynatrace, Inc. has a one year low of $31.54 and a one year high of $55.87.

Dynatrace (NYSE:DT – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Dynatrace had a net margin of 11.77% and a return on equity of 11.81%. The business had revenue of $332.89 million for the quarter, compared to the consensus estimate of $326.89 million. Equities analysts expect that Dynatrace, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DT has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Dynatrace from $54.00 to $60.00 in a report on Thursday, May 18th. Robert W. Baird boosted their target price on shares of Dynatrace from $53.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. TheStreet raised shares of Dynatrace from a “c” rating to a “b” rating in a report on Wednesday, May 17th. Wedbush reissued a “neutral” rating and issued a $38.00 target price on shares of Dynatrace in a report on Thursday, August 3rd. Finally, Barclays lowered their target price on shares of Dynatrace from $55.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, August 3rd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.39.

Get Our Latest Stock Report on Dynatrace

Insider Activity

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 17,856,400 shares of Dynatrace stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $51.85, for a total transaction of $925,854,340.00. Following the completion of the sale, the insider now directly owns 51,668,370 shares in the company, valued at approximately $2,679,004,984.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Thoma Bravo Ugp, Llc sold 17,856,400 shares of Dynatrace stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $51.85, for a total transaction of $925,854,340.00. Following the completion of the transaction, the insider now directly owns 51,668,370 shares of the company’s stock, valued at approximately $2,679,004,984.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 98,323 shares of Dynatrace stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $51.75, for a total transaction of $5,088,215.25. Following the transaction, the chief executive officer now directly owns 615,634 shares of the company’s stock, valued at $31,859,059.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,221,970 shares of company stock worth $944,577,265. Corporate insiders own 0.54% of the company’s stock.

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.