Amundi Has $49.39 Million Position in Dynatrace, Inc. $DT

Key Points

• Amundi has increased its stake in Dynatrace, Inc. by 39.7%, now owning approximately 1,081,621 shares valued at $49,387,000.
• Institutional investors hold 94.28% of Dynatrace's stock, reflecting significant interest from various funds like BNP Paribas and Deutsche Bank.
• Dynatrace recently reported strong earnings, with a net margin of 27.75% and a year-over-year revenue increase of 19.5%, suggesting robust business growth.

Amundi grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 39.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,081,621 shares of the company's stock after buying an additional 307,192 shares during the period. Amundi owned 0.36% of Dynatrace worth $49,387,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Graham Capital Management L.P. lifted its position in shares of Dynatrace by 4.4% in the first quarter. Graham Capital Management L.P. now owns 70,718 shares of the company's stock valued at $3,334,000 after buying an additional 2,989 shares during the last quarter. Armistice Capital LLC acquired a new stake in shares of Dynatrace in the first quarter valued at approximately $11,788,000. Quarry LP lifted its position in shares of Dynatrace by 2,008.3% in the first quarter. Quarry LP now owns 6,325 shares of the company's stock valued at $298,000 after buying an additional 6,025 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Dynatrace by 39.4% during the first quarter. Vident Advisory LLC now owns 14,908 shares of the company's stock worth $703,000 after purchasing an additional 4,213 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in shares of Dynatrace by 21.6% during the first quarter. Evergreen Capital Management LLC now owns 6,784 shares of the company's stock worth $320,000 after purchasing an additional 1,205 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Down 0.9%

Shares of DT traded down $0.45 during midday trading on Friday, hitting $48.63. The company's stock had a trading volume of 450,912 shares, compared to its average volume of 3,062,808. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company's fifty day simple moving average is $51.00 and its two-hundred day simple moving average is $50.71. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 4.19 and a beta of 0.91.

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 company had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the company posted $0.33 EPS. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the sale, the director directly owned 1,012 shares in the company, valued at approximately $50,367.24. This trade represents a 50.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DT shares. Oppenheimer started coverage on Dynatrace in a research note on Wednesday, August 27th. They set an "outperform" rating and a $65.00 target price on the stock. DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. KeyCorp assumed coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. BMO Capital Markets lowered their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Finally, Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

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.