BI Asset Management Fondsmaeglerselskab A S Has $526,000 Stock Position in Dynatrace, Inc. $DT

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its ownership in Dynatrace, Inc. by 42.9%, selling 8,389 shares to end the quarter with 11,156 shares valued at approximately $526,000.
• Several hedge funds were active with Dynatrace, including Dragoneer Investment Group which purchased shares worth about $242 million, and UBS AM which increased its holdings by 53.1%.
• Dynatrace reported earnings of $0.42 per share for the last quarter, exceeding estimates, with quarterly revenue increasing by 19.5% year-over-year.

BI Asset Management Fondsmaeglerselskab A S cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 42.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,156 shares of the company's stock after selling 8,389 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Dynatrace were worth $526,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 0.5% in the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after acquiring an additional 157,523 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after purchasing an additional 493,987 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after purchasing an additional 1,124,207 shares during the last quarter. American Century Companies Inc. lifted its stake in Dynatrace by 3.1% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock valued at $367,833,000 after purchasing an additional 230,967 shares during the last quarter. Finally, Dragoneer Investment Group LLC acquired a new stake in Dynatrace during the fourth quarter valued at approximately $242,380,000. 94.28% of the stock is currently owned by institutional investors.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DT has been the subject of several recent research reports. Oppenheimer initiated coverage on shares of Dynatrace in a research note on Wednesday. They set an "outperform" rating and a $65.00 target price for the company. Wedbush restated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Barclays upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Finally, DA Davidson upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Trading Up 1.8%

DT stock traded up $0.93 during midday trading on Thursday, reaching $51.05. The company had a trading volume of 1,891,091 shares, compared to its average volume of 3,041,505. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $15.39 billion, a P/E ratio of 31.33, a PEG ratio of 4.18 and a beta of 0.91. The company has a 50 day moving average of $52.12 and a two-hundred day moving average of $51.56.

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

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.