DSM Capital Partners LLC Purchases 125,493 Shares of Dynatrace, Inc. (NYSE:DT)

Key Points

• DSM Capital Partners LLC increased its stake in Dynatrace, Inc. by 5.1% in the 1st quarter, now holding over 2.5 million shares worth approximately $121.7 million.
• Dynatrace reported a 19.5% year-over-year revenue increase for the quarter, with earnings per share beating estimates at $0.42 compared to a consensus of $0.38.
• Several research analysts have increased their price targets for Dynatrace, with a consensus target price now set at $62.57 amid positive ratings from multiple firms.

DSM Capital Partners LLC increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,580,075 shares of the company's stock after buying an additional 125,493 shares during the quarter. Dynatrace accounts for 2.1% of DSM Capital Partners LLC's investment portfolio, making the stock its 16th largest holding. DSM Capital Partners LLC owned 0.86% of Dynatrace worth $121,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of DT. Coppell Advisory Solutions LLC grew its holdings in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares in the last quarter. CX Institutional purchased a new position in Dynatrace in the first quarter worth $40,000. Opal Wealth Advisors LLC purchased a new position in Dynatrace in the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its position in Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Up 2.2%

Shares of Dynatrace stock opened at $47.75 on Thursday. The firm has a market capitalization of $14.40 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 4.06 and a beta of 0.91. The business's 50-day moving average price is $53.28 and its 200-day moving average price is $52.24. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

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

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm'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 transaction of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays upped 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. UBS Group upped 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. Finally, DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Six 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 stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

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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