Chicago Partners Investment Group LLC Purchases Shares of 6,050 Dynatrace, Inc. $DT

Key Points

• Chicago Partners Investment Group LLC purchased 6,050 shares of Dynatrace, Inc. valued at approximately $325,000, indicating growing institutional interest in the company.
• Insider activities show significant selling as EVP Dan Zugelder and Director Lisa M. Campbell sold substantial portions of their holdings, raising concerns about insider confidence in the company's future.
• Analysts have mixed opinions on Dynatrace, with rating upgrades from Oppenheimer and Guggenheim, while Wall Street Zen downgraded the stock from a "buy" to a "hold."

Chicago Partners Investment Group LLC bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,050 shares of the company's stock, valued at approximately $325,000.

Other institutional investors also recently modified their holdings of the company. Keybank National Association OH raised its stake in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after acquiring an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. raised its stake in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after acquiring an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after acquiring an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Dynatrace in the first quarter worth about $2,175,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Dynatrace in the first quarter worth about $327,000. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 7,503 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the sale, the executive vice president owned 1,420 shares of the company's stock, valued at approximately $71,000. This represents a 84.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the company'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 completion of the sale, the director directly owned 1,012 shares of the company's stock, valued at $50,367.24. The trade was a 50.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,602 shares of company stock valued at $529,579. Corporate insiders own 0.57% of the company's stock.

Dynatrace Price Performance

DT opened at $49.91 on Friday. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 4.37 and a beta of 0.88. The firm has a 50 day simple moving average of $49.03 and a 200 day simple moving average of $50.31. 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 issued its 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 firm had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business's quarterly revenue was up 19.5% on a year-over-year basis. As a group, analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DT. Oppenheimer began coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 target price for the company. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Guggenheim boosted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets dropped their price target on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. One 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, Dynatrace presently has an average rating of "Moderate Buy" and an average price target of $62.96.

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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