Blair William & Co. IL Buys 37,488 Shares of Dynatrace, Inc. $DT

Key Points

• Blair William & Co. IL increased its stake in Dynatrace, Inc. by 6.7%, acquiring an additional 37,488 shares to bring its total holdings to approximately 593,967 shares valued at around $32.8 million.
• Several major hedge funds, including Vanguard Group and Goldman Sachs, have also grown their positions in Dynatrace, highlighting significant institutional interest as 94.28% of the company's stock is held by institutional investors.
• Dynatrace reported earnings of $0.42 per share, exceeding analysts' expectations, and experienced a year-over-year revenue increase of 19.5%, with forecasts indicating continued growth for the current fiscal year.

Blair William & Co. IL boosted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 6.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 593,967 shares of the company's stock after purchasing an additional 37,488 shares during the quarter. Blair William & Co. IL owned approximately 0.20% of Dynatrace worth $32,793,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DT. Vanguard Group Inc. raised its stake in shares of Dynatrace by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock worth $1,429,527,000 after acquiring an additional 157,523 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after purchasing an additional 1,124,207 shares during the last quarter. American Century Companies Inc. grew its holdings in Dynatrace by 3.1% in the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock worth $367,833,000 after purchasing an additional 230,967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock worth $329,477,000 after purchasing an additional 3,092,576 shares in the last quarter. Finally, Eminence Capital LP increased its position in shares of Dynatrace by 25.6% during the first quarter. Eminence Capital LP now owns 3,351,603 shares of the company's stock worth $158,028,000 after purchasing an additional 683,443 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

NYSE:DT opened at $48.85 on Friday. The firm's fifty day moving average is $48.95 and its two-hundred day moving average is $50.20. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 4.27 and a beta of 0.88. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $467.39 million. During the same quarter last year, the business posted $0.33 EPS. The company's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the transaction, the executive vice president directly owned 1,420 shares of the company's stock, valued at approximately $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,602 shares of company stock worth $529,579. Corporate insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DT. Wells Fargo & Company started coverage on Dynatrace in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 price objective for the company. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. BMO Capital Markets decreased their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dynatrace in a research note on Wednesday. Finally, Citigroup cut their price target 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. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.96.

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.

Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.