PharVision Advisers LLC Purchases New Shares in Dynatrace, Inc. $DT

Key Points

• PharVision Advisers LLC acquired 10,267 shares of Dynatrace, Inc. valued at approximately $484,000, making it 0.7% of their portfolio and the 17th largest holding.
• Multiple institutional investors have recently increased their stakes in Dynatrace, with 94.28% of the stock now owned by institutional investors.
• Analysts have set new price targets for Dynatrace, with Barclays raising its target to $62.00 and Bank of America increasing theirs to $64.00, reflecting a generally positive outlook on the stock.

PharVision Advisers LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,267 shares of the company's stock, valued at approximately $484,000. Dynatrace comprises about 0.7% of PharVision Advisers LLC's holdings, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Dynatrace by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after purchasing an additional 157,523 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Dynatrace by 5.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after purchasing an additional 493,987 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Dynatrace by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after purchasing an additional 1,124,207 shares during the last quarter. American Century Companies Inc. raised its position in shares of Dynatrace by 3.1% in the 1st quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock valued at $367,833,000 after purchasing an additional 230,967 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after purchasing an additional 1,350,794 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director directly owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock worth $154,429 in the last three months. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Bank of America raised their price target on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Guggenheim raised their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.72.

Dynatrace Stock Up 3.0%

Shares of NYSE DT traded up $1.44 during midday trading on Thursday, reaching $49.10. 1,150,208 shares of the stock were exchanged, compared to its average volume of 3,066,589. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 4.45 and a beta of 0.91. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a 50-day simple moving average of $51.15 and a two-hundred day simple moving average of $50.77.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

About Dynatrace

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.