Caxton Associates LLP Makes New $715,000 Investment in 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) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,169 shares of the company's stock, valued at approximately $715,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Dynatrace by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after purchasing an additional 157,523 shares during the period. Goldman Sachs Group Inc. boosted its stake in Dynatrace by 14.7% in the 1st 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 period. American Century Companies Inc. boosted its stake in Dynatrace by 3.1% in the 1st 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Dynatrace by 53.1% in the 4th 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 during the period. Finally, Eminence Capital LP boosted its stake in Dynatrace by 25.6% in the 1st quarter. Eminence Capital LP now owns 3,351,603 shares of the company's stock valued at $158,028,000 after purchasing an additional 683,443 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DT has been the subject of several analyst reports. BMO Capital Markets dropped their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Guggenheim lifted their price objective on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday. Finally, KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.72.

Insiders Place Their Bets

In related news, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction 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 sale, the director owned 1,012 shares in the company, valued at $50,367.24. The trade was a 50.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer 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 worth $154,429 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

DT stock traded down $0.36 during midday trading on Tuesday, reaching $48.25. 779,579 shares of the stock were exchanged, compared to its average volume of 3,069,058. The stock has a market capitalization of $14.55 billion, a PE ratio of 29.59, a P/E/G ratio of 4.31 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a fifty day moving average price of $50.69 and a 200 day moving average price of $50.48.

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

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.