Caisse DE Depot ET Placement DU Quebec Has $27.19 Million Holdings in Dynatrace, Inc. $DT

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Dynatrace, Inc. by 39.4%, holding 576,732 shares worth approximately $27.19 million after selling 375,078 shares during the first quarter.
• The company's latest earnings report showed revenue growth of 19.5% year-over-year, with earnings per share of $0.42, exceeding analyst expectations.
• Dynatrace has a market capitalization of $14.52 billion, and its shares recently opened at $48.17, with a 52-week range between $39.30 and $63.00.

Caisse DE Depot ET Placement DU Quebec lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 39.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 576,732 shares of the company's stock after selling 375,078 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.19% of Dynatrace worth $27,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DT. NewEdge Advisors LLC boosted its holdings in shares of Dynatrace by 14.4% in the fourth quarter. NewEdge Advisors LLC now owns 7,289 shares of the company's stock valued at $396,000 after buying an additional 916 shares during the period. Stifel Financial Corp boosted its holdings in shares of Dynatrace by 59.4% in the fourth quarter. Stifel Financial Corp now owns 25,527 shares of the company's stock valued at $1,387,000 after buying an additional 9,513 shares during the period. MGO One Seven LLC boosted its holdings in shares of Dynatrace by 21.1% in the fourth quarter. MGO One Seven LLC now owns 5,890 shares of the company's stock valued at $320,000 after buying an additional 1,028 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Dynatrace by 9.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,990 shares of the company's stock valued at $271,000 after buying an additional 446 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of Dynatrace in the fourth quarter valued at approximately $307,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of DT opened at $48.17 on Wednesday. The firm has a market capitalization of $14.52 billion, a PE ratio of 29.55, a PEG ratio of 4.20 and a beta of 0.91. The company's 50-day moving average is $52.23 and its 200-day moving average is $51.57. 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating 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 business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same period in the prior year, the company posted $0.33 earnings per share. Dynatrace's revenue was up 19.5% compared to the same quarter last year. Analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the company's 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 completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DT shares. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. DA Davidson boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Guggenheim boosted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Barclays boosted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.63.

Dynatrace Company 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.

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