Algert Global LLC Acquires 6,100 Shares of Dynatrace, Inc. $DT

Key Points

• Algert Global LLC increased its stake in Dynatrace, Inc. by 139.0% during the first quarter, now owning 10,490 shares valued at approximately $495,000.
• Several major institutional investors, including Vanguard Group and Goldman Sachs, have also raised their holdings in Dynatrace, resulting in institutional ownership of 94.28% of the company's stock.
• Dynatrace reported a quarterly earnings per share of $0.42, beating estimates, with revenue up 19.5% year-over-year, totaling $477.35 million.

Algert Global LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 139.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,490 shares of the company's stock after buying an additional 6,100 shares during the quarter. Algert Global LLC's holdings in Dynatrace were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its holdings in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the last quarter. CX Institutional bought a new position in Dynatrace in the 1st quarter worth $40,000. Opal Wealth Advisors LLC bought a new position in Dynatrace in the 1st quarter worth $45,000. MassMutual Private Wealth & Trust FSB raised its holdings in Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC raised its holdings in Dynatrace by 344.0% in the 1st 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 in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Up 1.5%

Shares of NYSE DT traded up $0.76 during trading on Thursday, reaching $50.88. 3,344,957 shares of the company traded hands, compared to its average volume of 3,051,008. The firm has a 50 day simple moving average of $52.12 and a 200-day simple moving average of $51.56. The stock has a market capitalization of $15.34 billion, a PE ratio of 31.21, a P/E/G ratio of 4.18 and a beta of 0.91. 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 announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm 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%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. As a group, research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on DT shares. KeyCorp started coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Guggenheim upped their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. BMO Capital Markets reduced their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Finally, Bank of America upped their target price on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $62.72.

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.