AEGON ASSET MANAGEMENT UK Plc Has $21.30 Million Position in Dynatrace, Inc. $DT

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in Dynatrace, Inc. by 5.0%, holding 385,997 shares valued at approximately $21.3 million as of last quarter.
• Dynatrace reported a 19.5% increase in revenue year-over-year, with earnings per share (EPS) of $0.42, exceeding analyst expectations.
• Dynatrace has received largely favorable ratings from analysts, with a consensus of "Moderate Buy" and a target price averaging $62.96.

AEGON ASSET MANAGEMENT UK Plc trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,997 shares of the company's stock after selling 20,198 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.13% of Dynatrace worth $21,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TD Asset Management Inc lifted its stake in shares of Dynatrace by 39.3% during the 2nd quarter. TD Asset Management Inc now owns 36,139 shares of the company's stock worth $1,995,000 after buying an additional 10,200 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Dynatrace by 129.2% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 15,870 shares of the company's stock worth $876,000 after buying an additional 8,945 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Dynatrace by 40.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 54,723 shares of the company's stock worth $3,021,000 after buying an additional 15,630 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Dynatrace during the 2nd quarter worth about $1,575,000. Finally, MGO One Seven LLC acquired a new stake in shares of Dynatrace during the 2nd quarter worth about $215,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Trading Down 0.3%

Shares of NYSE:DT opened at $48.17 on Wednesday. The stock has a market capitalization of $14.52 billion, a PE ratio of 29.55, a PEG ratio of 4.26 and a beta of 0.88. The firm has a 50 day moving average of $48.78 and a 200-day moving average of $50.16. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

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

Insider Activity at Dynatrace

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction that occurred 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 directly owned 1,012 shares in the company, 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. In the last three months, insiders have sold 10,602 shares of company stock valued at $529,579. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They set an "overweight" rating and a $65.00 target price for the company. Guggenheim raised their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Citigroup dropped their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average target price of $62.96.

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.

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