Citigroup Inc. Grows Stake in Dynatrace, Inc. $DT

Key Points

• Citigroup Inc. has increased its stake in Dynatrace, Inc. by 10.8% during the first quarter, bringing its total ownership to approximately $12.2 million.
• Wall Street analysts generally hold a positive outlook on Dynatrace, with a consensus rating of "Moderate Buy" and an average price target of $62.57.
• Dyncatrace reported strong quarterly earnings, with revenues up 19.5% year-over-year, exceeding analyst expectations with an EPS of $0.42.

Citigroup Inc. grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,119 shares of the company's stock after purchasing an additional 25,205 shares during the period. Citigroup Inc. owned about 0.09% of Dynatrace worth $12,217,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Keybank National Association OH increased its stake in Dynatrace by 30.0% in the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after purchasing an additional 170,380 shares during the period. Bridges Investment Management Inc. increased its stake in Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after purchasing an additional 11,234 shares during the period. Asset Management One Co. Ltd. increased its holdings in Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after purchasing an additional 4,697 shares during the period. Teacher Retirement System of Texas purchased a new position in Dynatrace during the 1st quarter valued at about $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in Dynatrace during the 1st quarter valued at about $3,846,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Up 1.0%

DT stock traded up $0.49 during trading on Tuesday, hitting $49.33. 763,131 shares of the company's stock traded hands, compared to its average volume of 3,028,830. The firm has a market capitalization of $14.87 billion, a P/E ratio of 30.26, a PEG ratio of 4.19 and a beta of 0.91. The business has a fifty day simple moving average of $52.89 and a two-hundred day simple moving average of $51.97. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.

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

Insider Transactions at Dynatrace

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 value of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DT. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. The Goldman Sachs Group upped their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Loop Capital reduced their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average price target of $62.63.

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.