Mn Services Vermogensbeheer B.V. Has $6.18 Million Holdings in Dynatrace, Inc. $DT

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Dynatrace, Inc. by 11.9%, holding a total of 111,900 shares valued at approximately $6.18 million.
• Analysts have set new price targets for Dynatrace, with Royal Bank of Canada raising the target from $60 to $64, while Guggenheim increased theirs from $66 to $68.
• Insider transactions revealed CAO Daniel S. Yates and Director Lisa M. Campbell sold shares, with total insider sales amounting to $154,429 in the last ninety days.

Mn Services Vermogensbeheer B.V. raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,900 shares of the company's stock after purchasing an additional 11,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Dynatrace were worth $6,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DT. Nissay Asset Management Corp Japan ADV boosted its holdings in Dynatrace by 0.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock worth $1,686,000 after buying an additional 249 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Dynatrace by 4.6% in the 1st quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after acquiring an additional 253 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares in the last quarter. Illumine Investment Management LLC lifted its position in shares of Dynatrace by 0.8% in the 1st quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after acquiring an additional 278 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Dynatrace by 1.2% in the 1st quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock valued at $1,175,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insiders Place Their Bets

In related news, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director directly owned 1,012 shares in the company, valued at approximately $50,367.24. This trade represents a 50.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were 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 owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 in the last 90 days. 0.57% of the stock is owned by insiders.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.58 during midday trading on Tuesday, reaching $48.02. 695,632 shares of the company's stock traded hands, compared to its average volume of 3,094,208. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91. The company's 50 day simple moving average is $50.14 and its 200 day simple moving average is $50.26. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

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, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim upped their price target on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Oppenheimer assumed coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price target for the company. Wall Street Zen upgraded shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Royal Bank Of Canada increased their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Company 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.