Congress Asset Management Co. Raises Holdings in Dynatrace, Inc. $DT

Key Points

• Congress Asset Management Co. increased its holdings in Dynatrace, Inc. by 53.2% during the 2nd quarter, purchasing an additional 1,082,413 shares, bringing its total to over 3.1 million shares.
• Several hedge funds also made significant changes to their positions in Dynatrace, with Global Financial Private Client LLC increasing its holdings by 344.0% in the first quarter.
• Dynatrace reported a 19.5% increase in revenue year-over-year for the last quarter, with earnings surpassing analyst expectations at $0.42 per share.

Congress Asset Management Co. grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 53.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,118,815 shares of the company's stock after purchasing an additional 1,082,413 shares during the quarter. Dynatrace makes up about 1.2% of Congress Asset Management Co.'s holdings, making the stock its 19th largest position. Congress Asset Management Co. owned 1.03% of Dynatrace worth $172,190,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DT. CX Institutional purchased a new position in shares of Dynatrace during the first quarter worth about $40,000. Brooklyn Investment Group grew its holdings in shares of Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace during the first quarter worth about $45,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dynatrace by 35.4% during 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 during the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Dynatrace by 344.0% during the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after buying an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace 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 sale, the director owned 1,012 shares of the company's stock, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is owned by insiders.

Dynatrace Stock Up 0.9%

Shares of NYSE:DT opened at $48.58 on Friday. The company has a market cap of $14.65 billion, a P/E ratio of 29.80, a PEG ratio of 4.23 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 50-day moving average price of $49.89 and a 200 day moving average price of $50.22.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Guggenheim raised their price target on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" 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, September 13th. KeyCorp assumed coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Rosenblatt Securities reissued a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Finally, Oppenheimer assumed coverage on Dynatrace in a report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.72.

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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