Belpointe Asset Management LLC Invests $327,000 in Dynatrace, Inc. $DT

Key Points

• Belpointe Asset Management LLC made a new investment of approximately $327,000 in Dynatrace, Inc., acquiring 6,928 shares during the 1st quarter.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have significantly increased their holdings in Dynatrace in the same period.
• Dynatrace's stock has received positive ratings, with Wall Street Zen upgrading it from "hold" to "buy," and the average price target is currently set at $62.72.

Belpointe Asset Management LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,928 shares of the company's stock, valued at approximately $327,000.

Several other hedge funds have also recently added to or reduced their stakes in DT. Captrust Financial Advisors raised its stake in Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after purchasing an additional 177 shares during the last quarter. Cetera Investment Advisers raised its stake in Dynatrace by 13.9% in the 4th quarter. Cetera Investment Advisers now owns 52,869 shares of the company's stock valued at $2,873,000 after purchasing an additional 6,444 shares during the last quarter. Focus Partners Wealth acquired a new position in Dynatrace in the 4th quarter valued at $538,000. OMERS ADMINISTRATION Corp raised its stake in Dynatrace by 21.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,566 shares of the company's stock valued at $629,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Dynatrace by 28.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,240,119 shares of the company's stock valued at $67,400,000 after purchasing an additional 274,935 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.4%

Dynatrace stock traded down $0.20 during midday trading on Friday, reaching $48.40. 5,497,936 shares of the stock traded hands, compared to its average volume of 3,389,446. The company has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $50.35. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market cap of $14.59 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 4.27 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $467.39 million. During the same period last year, the business posted $0.33 EPS. Dynatrace's revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

DT has been the subject of several recent research reports. Oppenheimer started coverage on Dynatrace in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price objective for the company. Royal Bank Of Canada upped their target price on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Guggenheim upped their target price on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. KeyCorp started coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price for the company. Finally, BMO Capital Markets dropped their target price on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the 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 sale, the director owned 1,012 shares of the company's stock, valued at $50,367.24. This trade represents a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel S. Yates sold 2,000 shares of the 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 completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock valued at $154,429 over the last 90 days. 0.57% of the stock is currently 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.