Comerica Bank Raises Holdings in Dynatrace, Inc. $DT

Key Points

• Comerica Bank increased its stake in Dynatrace, Inc. by 2.7%, owning 545,798 shares worth approximately $25.73 million as of the end of the most recent quarter.
• During the last quarter, several institutional investors increased their positions in Dynatrace, resulting in institutions owning 94.28% of the company's stock.
• Dynatrace reported $0.42 earnings per share for the quarter, exceeding analysts' expectations, with a revenue increase of 19.5% year-over-year.

Comerica Bank boosted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,798 shares of the company's stock after buying an additional 14,259 shares during the period. Comerica Bank owned approximately 0.18% of Dynatrace worth $25,734,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors grew its position in shares of Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after acquiring an additional 177 shares during the period. Arkadios Wealth Advisors raised its position in shares of Dynatrace by 4.6% during the 1st quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after buying an additional 253 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after buying an additional 256 shares in the last quarter. Illumine Investment Management LLC boosted its position in Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after buying an additional 278 shares during the period. Finally, Y.D. More Investments Ltd lifted its position in Dynatrace by 1.2% in the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock valued at $1,175,000 after purchasing an additional 301 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm's 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 completion of the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

DT has been the subject of a number of recent analyst reports. Oppenheimer began coverage on Dynatrace in a report on Wednesday. They set an "outperform" rating and a $65.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Dynatrace from a "hold" rating to a "buy" rating in a research note on Monday. Royal Bank Of Canada upped their price objective on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Morgan Stanley set a $55.00 target price on shares of Dynatrace in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Trading Up 1.5%

Shares of NYSE:DT traded up $0.76 on Thursday, reaching $50.88. The company had a trading volume of 3,344,957 shares, compared to its average volume of 3,738,198. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $15.34 billion, a PE ratio of 66.83, a PEG ratio of 4.35 and a beta of 0.91. The firm's 50 day simple moving average is $52.12 and its 200-day simple moving average is $51.56.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data 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 during 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

About Dynatrace

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.