DSM Capital Partners LLC Boosts Stake in Dynatrace, Inc. $DT

Key Points

• DSM Capital Partners LLC increased its stake in Dynatrace, Inc. by 27.6% during the second quarter, owning approximately 3.29 million shares valued at about $181.71 million.
• Dynatrace reported a quarterly earnings per share of $0.42, exceeding analysts' expectations of $0.38, while revenue grew by 19.5% year-over-year to $477.35 million.
• Institutional investors currently hold 94.28% of Dynatrace's stock, reflecting strong institutional interest in the company.

DSM Capital Partners LLC increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 27.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,291,325 shares of the company's stock after purchasing an additional 711,250 shares during the period. Dynatrace makes up approximately 2.7% of DSM Capital Partners LLC's investment portfolio, making the stock its 12th largest position. DSM Capital Partners LLC owned 1.09% of Dynatrace worth $181,714,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DT. Eastern Bank acquired a new stake in Dynatrace during the 2nd quarter worth approximately $35,000. CX Institutional purchased a new position in shares of Dynatrace in the 1st quarter valued at $40,000. Brooklyn Investment Group grew its position in shares of Dynatrace by 761.9% in the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after buying an additional 800 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Dynatrace in the first quarter valued at $45,000. Finally, S.A. Mason LLC acquired a new position in Dynatrace in the first quarter valued at $58,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Down 2.0%

NYSE DT opened at $47.93 on Friday. The company's fifty day simple moving average is $48.89 and its 200-day simple moving average is $50.17. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a market cap of $14.45 billion, a P/E ratio of 29.41, a PEG ratio of 4.32 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 EPS 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 for the quarter, compared to analysts' expectations of $467.39 million. During the same period in the previous year, the company posted $0.33 earnings per share. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction 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 directly owned 1,012 shares of the company's stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders have sold 10,602 shares of company stock valued at $529,579 over the last ninety days. Corporate insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Monday, August 4th. Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Oppenheimer initiated coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 target price for the company. Finally, Royal Bank Of Canada lifted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.96.

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.

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