Diversify Advisory Services LLC Acquires Shares of 29,998 Dynatrace, Inc. (NYSE:DT)

Diversify Advisory Services LLC bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,998 shares of the company's stock, valued at approximately $1,295,000.

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A number of other institutional investors also recently made changes to their positions in DT. Vanguard Group Inc. increased its stake in Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. United Asset Strategies Inc. acquired a new position in Dynatrace during the 4th quarter valued at approximately $1,556,000. US Bancorp DE grew its stake in Dynatrace by 89.7% during the 1st quarter. US Bancorp DE now owns 48,478 shares of the company's stock worth $2,251,000 after buying an additional 22,928 shares during the last quarter. Norden Group LLC acquired a new stake in Dynatrace in the first quarter worth $5,546,000. Finally, Carnegie Capital Asset Management LLC lifted its stake in Dynatrace by 13.6% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 182,645 shares of the company's stock valued at $9,989,000 after buying an additional 21,880 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DT shares. Bank of America dropped their price objective on shares of Dynatrace from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Thursday, May 16th. BMO Capital Markets boosted their price objective on Dynatrace from $49.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday. Robert W. Baird decreased their price objective on Dynatrace from $65.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, May 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Tuesday, August 6th. Finally, Wedbush reissued a "neutral" rating and issued a $55.00 price target on shares of Dynatrace in a research note on Thursday. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.70.

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Check Out Our Latest Research Report on DT

Dynatrace Stock Performance

Shares of NYSE:DT traded up $0.41 during midday trading on Friday, reaching $47.71. The company had a trading volume of 3,080,643 shares, compared to its average volume of 3,605,167. The company has a fifty day simple moving average of $44.52 and a two-hundred day simple moving average of $47.30. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 91.75, a price-to-earnings-growth ratio of 6.40 and a beta of 1.04. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

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Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The company had revenue of $399.20 million during the quarter, compared to analysts' expectations of $392.22 million. During the same period last year, the company posted $0.16 earnings per share. The business's revenue for the quarter was up 19.9% on a year-over-year basis. Analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, 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 transaction of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares in the company, valued at approximately $11,828,382.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the company's stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction 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 sale, the chief executive officer now directly owns 732,491 shares of the company's stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,274 shares of company stock worth $3,883,271. Corporate insiders own 0.54% of the company's stock.

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.

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