Dynatrace, Inc. $DT Shares Bought by Lbp Am Sa

Key Points

• Lbp Am Sa increased its stake in Dynatrace, Inc. by 35.1%, owning approximately 0.21% of the company worth about $34.87 million as of the latest SEC filing.
• A variety of institutional investors have modified their positions in Dynatrace, contributing to a remarkable 94.28% total institutional ownership of the company's stock.
• Dynatrace recently received upgraded ratings from several firms, with one analyst issuing a Strong Buy rating, leading to an average price target of $62.52.

Lbp Am Sa increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 35.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 631,495 shares of the company's stock after buying an additional 164,073 shares during the quarter. Lbp Am Sa owned about 0.21% of Dynatrace worth $34,865,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CX Institutional acquired a new stake in shares of Dynatrace in the first quarter valued at about $40,000. Brooklyn Investment Group grew its stake in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after buying an additional 800 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Dynatrace in the first quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after buying an additional 256 shares in the last quarter. Finally, S.A. Mason LLC acquired a new stake in shares of Dynatrace in the first quarter valued at about $58,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DT. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Citigroup reduced their price target on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. Royal Bank Of Canada increased their price target on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company started coverage on Dynatrace in a report on Tuesday. They issued an "overweight" rating and a $65.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $62.52.

Insider Buying and Selling

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is currently owned by company insiders.

Dynatrace Stock Down 1.9%

NYSE:DT opened at $48.38 on Wednesday. The business's 50 day moving average is $49.66 and its two-hundred day moving average is $50.25. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market cap of $14.59 billion, a PE ratio of 29.68, a P/E/G ratio of 4.34 and a beta of 0.91.

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

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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