Caxton Associates LLP Purchases Shares of 15,169 Dynatrace, Inc. $DT

Key Points

• Caxton Associates LLP has purchased 15,169 shares of Dynatrace, Inc. (NYSE: DT), valued at approximately $715,000, indicating strong interest from institutional investors in the company's stock.
• Several other institutional investors, including Ameriprise Financial Inc. and Allianz Asset Management GmbH, significantly increased their holdings, bringing total institutional ownership to 94.28%.
• Dynatrace reported a 19.5% year-over-year revenue increase for the last quarter, with earnings surpassing analyst expectations, highlighting its financial strength in a competitive market.

Caxton Associates LLP purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,169 shares of the company's stock, valued at approximately $715,000.

Several other institutional investors and hedge funds also recently modified their holdings of DT. Ameriprise Financial Inc. lifted its holdings in shares of Dynatrace by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock valued at $128,638,000 after purchasing an additional 1,621,136 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dynatrace by 53.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after purchasing an additional 1,350,794 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Dynatrace in the first quarter valued at about $53,036,000. Goldman Sachs Group Inc. lifted its holdings in shares of Dynatrace by 14.7% in 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 in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Dynatrace by 587.0% in the first quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock valued at $47,139,000 after purchasing an additional 854,250 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director directly 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 disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock valued at $154,429 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $47.70 on Thursday. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company has a 50 day moving average price of $51.15 and a 200 day moving average price of $50.77. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued 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 firm had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. Dynatrace's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DT. Barclays upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Citigroup cut their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. DA Davidson boosted their price objective 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. Guggenheim boosted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. One research 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace 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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