AGF Management Ltd. Acquires 9,285 Shares of Dynatrace, Inc. (NYSE:DT)

Key Points

• AGF Management Ltd. increased its stake in Dynatrace, Inc. by 5.6%, acquiring an additional 9,285 shares, bringing its total holdings to 176,145 shares worth approximately $8.3 million.
• Dynatrace reported a 19.5% year-over-year increase in revenue, totaling $477.35 million, with earnings per share (EPS) of $0.42, surpassing analysts' expectations.
• Analysts have a positive outlook on Dynatrace, with a consensus target price of $62.57 and most brokerages maintaining an "outperform" rating on the stock.

AGF Management Ltd. boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,145 shares of the company's stock after buying an additional 9,285 shares during the period. AGF Management Ltd. owned approximately 0.06% of Dynatrace worth $8,305,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DT. Coppell Advisory Solutions LLC increased its holdings in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new position in shares of Dynatrace during the 1st quarter worth about $40,000. Opal Wealth Advisors LLC bought a new position in shares of Dynatrace during the 1st quarter worth about $45,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the period. Finally, GeoWealth Management LLC increased its holdings in shares of Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock worth $56,000 after purchasing an additional 340 shares during the period. 94.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company's stock.

Dynatrace Trading Up 1.7%

Shares of DT traded up $0.79 during trading hours on Friday, hitting $48.21. 2,827,543 shares of the stock traded hands, compared to its average volume of 3,348,347. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The firm has a market capitalization of $14.54 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 4.12 and a beta of 0.91. The business has a fifty day moving average of $53.00 and a 200-day moving average of $52.11.

Dynatrace (NYSE:DT - Get Free Report) last issued 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. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The business had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DT. Morgan Stanley set a $55.00 price objective on Dynatrace in a research report on Thursday, May 15th. Bank of America boosted their price objective on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Finally, Guggenheim boosted their price objective on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.57.

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.