Ascent Group LLC Purchases Shares of 5,168 Dynatrace, Inc. $DT

Key Points

• Ascent Group LLC has invested $244,000 in Dynatrace, acquiring 5,168 shares in the first quarter, as disclosed in their Form 13F filing.
• Dynatrace reported a net margin of 27.75% and a year-over-year revenue increase of 19.5%, with earnings per share of $0.42 beating estimates.
• Analysts have issued an average target price of $62.72 for Dynatrace, with a consensus rating of "Moderate Buy" from various brokerages.

Ascent Group LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,168 shares of the company's stock, valued at approximately $244,000.

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

Insiders Place Their Bets

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

Dynatrace Price Performance

Shares of DT traded up $0.67 during mid-day trading on Thursday, hitting $48.73. 707,220 shares of the company's stock were exchanged, compared to its average volume of 3,087,799. The company has a market cap of $14.69 billion, a PE ratio of 29.89, a P/E/G ratio of 4.20 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a 50-day simple moving average of $50.36 and a 200 day simple moving average of $50.44.

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. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same quarter last year, the firm posted $0.33 EPS. The company's quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. KeyCorp began coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Royal Bank Of Canada raised their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Citigroup lowered their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Finally, Oppenheimer began coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $62.72.

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.