Charles Schwab Investment Management Inc. Has $104.62 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Dynatrace, Inc. by 8.1%, acquiring an additional 166,648 shares to reach a total of 2,218,892 shares, valued at approximately $104.6 million.
• Analysts have a positive outlook on Dynatrace, with several firms issuing upgrades and target price increases, resulting in an average rating of "Moderate Buy" and a consensus target price of $62.57.
• Dynatrace reported a 19.5% year-over-year revenue increase, with quarterly earnings of $0.42 per share, surpassing analysts’ expectations by $0.04.

Charles Schwab Investment Management Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,218,892 shares of the company's stock after buying an additional 166,648 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.74% of Dynatrace worth $104,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC raised its holdings in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional bought a new position in Dynatrace in the first quarter worth $40,000. Opal Wealth Advisors LLC bought a new position in Dynatrace in the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB raised its holdings in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC raised its holdings in Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of DT traded up $0.79 during mid-day trading on Friday, reaching $48.21. 2,827,543 shares of the company's stock traded hands, compared to its average volume of 3,348,347. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market capitalization of $14.54 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 4.19 and a beta of 0.91. The business's 50-day moving average price is $53.00 and its 200-day moving average price is $52.08.

Dynatrace (NYSE:DT - Get Free Report) last announced its 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. The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 earnings per share. Equities research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace 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 sale, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DT. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. BMO Capital Markets decreased their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Loop Capital decreased their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group lifted their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, DA Davidson increased their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.57.

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.