Coronation Fund Managers Ltd. Acquires 6,281 Shares of Dynatrace, Inc. (NYSE:DT)

Key Points

• Coronation Fund Managers Ltd. increased its stake in Dynatrace, Inc. by 2.2%, acquiring an additional 6,281 shares, bringing its total holdings to 297,908 shares worth approximately $14.05 million.
• Institutional investors control 94.28% of Dynatrace's stock, with notable increases from Keybank National Association (30%) and Bridges Investment Management (82.4%) in the first quarter.
• Dynatrace reported a 19.5% year-over-year revenue growth for the quarter, posting $477.35 million in revenue and earnings per share exceeding analysts' expectations.

Coronation Fund Managers Ltd. raised its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,908 shares of the company's stock after purchasing an additional 6,281 shares during the period. Coronation Fund Managers Ltd. owned approximately 0.10% of Dynatrace worth $14,046,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DT. Keybank National Association OH lifted its holdings in shares of Dynatrace by 30.0% during the 1st 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 period. Bridges Investment Management Inc. lifted its holdings in shares of Dynatrace by 82.4% during the 1st 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 period. Asset Management One Co. Ltd. lifted its holdings in shares of Dynatrace by 4.0% during the 1st 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 period. Teacher Retirement System of Texas bought a new stake in shares of Dynatrace during the 1st quarter worth approximately $2,175,000. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Dynatrace during the 1st quarter worth approximately $3,846,000. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In related 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DT. DA Davidson upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. UBS Group upped their price target on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Loop Capital cut their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $62.57.

Dynatrace Stock Down 1.3%

Shares of NYSE DT opened at $46.24 on Friday. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a fifty day simple moving average of $53.72 and a 200 day simple moving average of $52.40. The company has a market capitalization of $13.95 billion, a PE ratio of 28.37, a P/E/G ratio of 3.97 and a beta of 0.91.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.