Alberta Investment Management Corp Invests $536,000 in Dynatrace, Inc. (NYSE:DT)

Key Points

• Alberta Investment Management Corp invested approximately $536,000 in Dynatrace, purchasing 11,360 shares in the first quarter as noted in its Form 13F filing.
• Several hedge funds, including Janus Henderson Group PLC and UBS AM, have significantly adjusted their positions in Dynatrace, indicating a strong interest from institutional investors.
• Dynatrace reported earnings that exceeded analysts' expectations, with a net margin of 28.47% and revenue growth of 16.9% year-over-year during its last quarterly earnings report.

Alberta Investment Management Corp bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,360 shares of the company's stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Dragoneer Investment Group LLC bought a new stake in shares of Dynatrace in the 4th quarter valued at $242,380,000. Alyeska Investment Group L.P. acquired a new stake in Dynatrace during the fourth quarter worth approximately $204,000,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Dynatrace by 53.1% in 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 purchasing an additional 1,350,794 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Dynatrace in the fourth quarter valued at approximately $51,731,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Dynatrace by 587.0% during the 1st quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock worth $47,139,000 after buying an additional 854,250 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Monday. KeyCorp began coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. Guggenheim upgraded Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 target price for the company in a research note on Wednesday, July 23rd. Finally, DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $62.35.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

Shares of NYSE DT traded down $0.12 during trading on Wednesday, hitting $50.41. The stock had a trading volume of 8,167,833 shares, compared to its average volume of 2,983,996. The firm has a fifty day moving average of $54.08 and a two-hundred day moving average of $52.50. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market capitalization of $15.21 billion, a PE ratio of 31.51, a PEG ratio of 4.51 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Dynatrace 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.