Acadian Asset Management LLC Has $5.83 Million Stake in Dynatrace, Inc. $DT

Key Points

• Acadian Asset Management LLC significantly reduced its stake in Dynatrace, Inc. by 71.4%, selling 308,379 shares and holding 123,725 shares worth approximately $5.83 million as of the latest SEC filing.
• Other institutional investors have also adjusted their positions, with Keybank National Association OH increasing its holdings by 30% and Bridges Investment Management Inc. expanding its stake by 82.4% during the same period.
• Dynatrace reported earnings that exceeded analysts' expectations, with a revenue increase of 19.5% year-over-year and an earnings per share (EPS) of $0.42, surpassing the consensus estimate of $0.38.

Acadian Asset Management LLC decreased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 71.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,725 shares of the company's stock after selling 308,379 shares during the quarter. Acadian Asset Management LLC's holdings in Dynatrace were worth $5,830,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in 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. Goldman Sachs Group Inc. raised its position in 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% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock worth $367,833,000 after acquiring an additional 230,967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock worth $329,477,000 after acquiring an additional 3,092,576 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% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after acquiring an additional 1,350,794 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director directly owned 1,012 shares of the company's stock, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction dated 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 directly owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,099 shares of company stock valued at $154,429. Insiders own 0.57% of the company's stock.

Dynatrace Stock Up 1.1%

Shares of Dynatrace stock traded up $0.52 during trading on Thursday, reaching $48.58. 2,703,787 shares of the company were exchanged, compared to its average volume of 3,391,106. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The business has a 50-day moving average price of $50.27 and a 200-day moving average price of $50.39. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 4.23 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced 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. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to analysts' expectations of $467.39 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim boosted their target price on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Citigroup dropped their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Royal Bank Of Canada boosted their target price on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and an average target price of $62.72.

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.