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

A number of other hedge funds have also modified their holdings of DT. CX Institutional purchased a new position in shares of Dynatrace during the 1st quarter worth approximately $40,000. Brooklyn Investment Group increased its stake in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace during the 1st quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB increased its stake 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 in the last quarter. Finally, Global Financial Private Client LLC increased its stake in shares of Dynatrace by 344.0% during the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Up 0.1%

Shares of DT opened at $49.12 on Friday. The firm has a market cap of $14.81 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 4.32 and a beta of 0.91. The company's fifty day moving average is $50.85 and its two-hundred day moving average is $50.64. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DT. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. KeyCorp started coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price for the company. BMO Capital Markets lowered their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $67.00 target price 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 given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.72.

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on 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 owned 22,555 shares in the company, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the transaction, the director 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 quarter, insiders sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is owned by company insiders.

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.

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