Dynatrace, Inc. $DT Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Dynatrace, Inc. by acquiring an additional 230,967 shares, bringing their total holdings to 7,801,331 shares, which is worth approximately $367.8 million.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, exceeding the consensus estimate of $0.38, with revenue of $477.35 million, a 19.5% increase from the previous year.
• Several research firms have upgraded their price targets for Dynatrace, with Guggenheim setting a new target of $68.00, reflecting a generally positive outlook on the stock.

American Century Companies Inc. grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,801,331 shares of the company's stock after purchasing an additional 230,967 shares during the period. American Century Companies Inc. owned approximately 2.61% of Dynatrace worth $367,833,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Keybank National Association OH increased its stake in Dynatrace by 30.0% in the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after acquiring an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. increased its stake in Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after acquiring an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Dynatrace by 4.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after acquiring an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Dynatrace in the 1st quarter worth about $2,175,000. Finally, Lecap Asset Management Ltd. bought a new position in Dynatrace in the 1st quarter worth about $3,846,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of DT stock traded up $0.2840 during trading hours on Tuesday, reaching $49.1240. The company had a trading volume of 3,927,989 shares, compared to its average volume of 3,050,238. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 4.19 and a beta of 0.91. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a fifty day moving average of $52.89 and a 200-day moving average of $51.97.

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 firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

DT has been the topic of a number of research analyst reports. Bank of America upped their target price on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. UBS Group raised their price target on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Loop Capital reduced their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. KeyCorp initiated coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Finally, Barclays boosted their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.63.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.57% of the company's stock.

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.