Deutsche Bank AG Boosts Stock Position in Dynatrace, Inc. (NYSE:DT)

Key Points

• Deutsche Bank AG increased its stake in Dynatrace, Inc. by 1.2%, acquiring an additional 19,341 shares during the first quarter, bringing its total holdings to approximately $79.8 million.
• Other institutional investors also adjusted their stakes, with Goldman Sachs growing its holdings by 14.7% and Charles Schwab increasing its position by 8.1% during the same period.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, exceeding analysts' expectations, while its revenue grew by 19.5% year-over-year, amounting to $477.35 million.

Deutsche Bank AG raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,693,302 shares of the company's stock after acquiring an additional 19,341 shares during the period. Deutsche Bank AG owned approximately 0.57% of Dynatrace worth $79,839,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in Dynatrace by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after buying an additional 177 shares during the last quarter. Arkadios Wealth Advisors increased its position in Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after buying an additional 253 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares during the last quarter. Illumine Investment Management LLC increased its position in Dynatrace by 0.8% in the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock worth $1,585,000 after buying an additional 278 shares during the last quarter. Finally, Cordatus Wealth Management LLC increased its position in Dynatrace by 7.7% in the first quarter. Cordatus Wealth Management LLC now owns 4,472 shares of the company's stock worth $211,000 after buying an additional 318 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Up 1.5%

Shares of NYSE:DT traded up $0.71 during trading on Tuesday, hitting $46.75. The stock had a trading volume of 4,856,065 shares, compared to its average volume of 3,063,847. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market capitalization of $14.10 billion, a PE ratio of 28.68, a PEG ratio of 3.97 and a beta of 0.91. The firm's fifty day moving average is $53.41 and its 200 day moving average is $52.27.

Dynatrace (NYSE:DT - Get Free Report) last posted 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. The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. Equities research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on DT. UBS Group lifted their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Barclays lifted their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. BMO Capital Markets reduced their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, The Goldman Sachs Group lifted their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price of $62.57.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by insiders.

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.