111 Capital Invests $565,000 in Dynatrace, Inc. $DT

Key Points

• 111 Capital has invested approximately $565,000 in Dynatrace, acquiring over 10,230 shares during the second quarter.
• The stock has received mixed ratings from analysts, with one analyst downgrading it to a "hold," while others maintain "buy" ratings and a consensus target price of $62.52.
• Dynatrace reported strong quarterly earnings with a 19.5% year-over-year revenue increase, leading to a profit of $0.42 per share, which exceeded expectations.

111 Capital acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,230 shares of the company's stock, valued at approximately $565,000.

Several other large investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its stake in shares of Dynatrace by 18.4% during the second quarter. QRG Capital Management Inc. now owns 82,932 shares of the company's stock valued at $4,579,000 after acquiring an additional 12,906 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Dynatrace during the 2nd quarter worth $411,000. Mirae Asset Global Investments Co. Ltd. raised its position in Dynatrace by 21.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,809 shares of the company's stock valued at $2,198,000 after purchasing an additional 7,153 shares in the last quarter. LBP AM SA lifted its holdings in shares of Dynatrace by 35.1% in the 2nd quarter. LBP AM SA now owns 631,495 shares of the company's stock worth $34,865,000 after buying an additional 164,073 shares during the period. Finally, GraniteShares Advisors LLC bought a new position in shares of Dynatrace during the 2nd quarter worth $456,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DT has been the subject of several recent research reports. Wall Street Zen downgraded Dynatrace from a "buy" rating to a "hold" rating in a report on Friday. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Citigroup dropped their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. BMO Capital Markets cut their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Finally, Guggenheim upped their target price on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.52.

Dynatrace Trading Down 0.6%

Shares of DT stock opened at $49.58 on Monday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business's fifty day simple moving average is $49.38 and its 200-day simple moving average is $50.24. The company has a market cap of $14.95 billion, a PE ratio of 30.42, a PEG ratio of 4.36 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same period in the previous year, the business earned $0.33 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Activity at Dynatrace

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the firm's 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director owned 1,012 shares of the company's stock, valued at $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock valued at $154,429 over the last ninety days. 0.57% of the stock is currently owned by insiders.

Dynatrace Company Profile

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.

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