Credit Agricole S A Has $24.17 Million Holdings in Dynatrace, Inc. $DT

Key Points

• Credit Agricole S A has increased its stake in Dynatrace, Inc. by 20.4%, acquiring an additional 86,817 shares, bringing its total holdings to approximately 512,649 shares valued at around $24.17 million.
• Several large investors, including Brooklyn Investment Group and Coppell Advisory Solutions LLC, have significantly increased their positions in Dynatrace, indicating strong institutional interest in the stock.
• The latest earnings report showed Dynatrace exceeded analyst expectations with earnings per share of $0.42, up from $0.33 a year ago, and revenues of $477.35 million, marking a 19.5% increase year-over-year.

Credit Agricole S A increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,649 shares of the company's stock after purchasing an additional 86,817 shares during the quarter. Credit Agricole S A owned approximately 0.17% of Dynatrace worth $24,171,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its stake in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the last quarter. CX Institutional acquired a new position in Dynatrace in the first quarter valued at $40,000. Brooklyn Investment Group boosted its position in Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after acquiring an additional 800 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Dynatrace during the 1st quarter worth about $45,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of DT stock traded up $0.60 on Friday, reaching $49.41. 2,819,559 shares of the company were exchanged, compared to its average volume of 3,487,882. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 4.29 and a beta of 0.91. The company has a 50-day moving average of $52.51 and a 200-day moving average of $51.73. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

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

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on DT. Bank of America increased their price target on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. KeyCorp began coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target for the company. BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price target on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently 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.