Davidson Investment Advisors Acquires 5,329 Shares of Dynatrace, Inc. $DT

Key Points

• Davidson Investment Advisors increased its stake in Dynatrace, Inc. by 1.2% during the second quarter, acquiring an additional 5,329 shares, bringing its total to 440,047 shares valued at approximately $24.3 million.
• Multiple institutional investors, including Quent Capital and Arkadios Wealth Advisors, have also boosted their holdings in Dynatrace, confirming strong investor interest, with 94.28% of the stock held by hedge funds and institutions.
• Dynatrace recently reported better-than-expected earnings with $0.42 per share, exceeding analysts' estimates, and showing a 19.5% year-over-year increase in revenue, highlighting positive financial performance.

Davidson Investment Advisors lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,047 shares of the company's stock after purchasing an additional 5,329 shares during the period. Dynatrace comprises approximately 1.1% of Davidson Investment Advisors' investment portfolio, making the stock its 29th largest holding. Davidson Investment Advisors owned 0.15% of Dynatrace worth $24,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC boosted its stake in Dynatrace by 4.6% in the second quarter. Quent Capital LLC now owns 4,288 shares of the company's stock valued at $237,000 after acquiring an additional 190 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Dynatrace by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock worth $1,686,000 after purchasing an additional 249 shares during the period. Arkadios Wealth Advisors lifted its stake in Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after purchasing an additional 253 shares during the last quarter. Illumine Investment Management LLC grew its holdings 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 purchasing an additional 278 shares during the period. Finally, L. Roy Papp & Associates LLP increased its position in Dynatrace by 2.3% in the second quarter. L. Roy Papp & Associates LLP now owns 12,535 shares of the company's stock worth $692,000 after buying an additional 280 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the completion of the sale, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. The trade was a 84.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,602 shares of company stock valued at $529,579 in the last 90 days. Corporate insiders own 0.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DT. Royal Bank Of Canada upped their price target on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Guggenheim lifted their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Dynatrace in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Dynatrace in a report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 price objective for the company. Finally, Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.96.

Dynatrace Price Performance

NYSE DT opened at $48.17 on Wednesday. The company's 50 day simple moving average is $48.78 and its two-hundred day simple moving average is $50.16. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a market capitalization of $14.52 billion, a PE ratio of 29.55, a P/E/G ratio of 4.26 and a beta of 0.88.

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

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