Dynatrace, Inc. $DT Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Dynatrace by 39.3%, owning 36,139 shares valued at approximately $1.995 million after adding 10,200 shares in the second quarter.
• Dynatrace received various ratings from Wall Street analysts, with a consensus rating of "Moderate Buy" and a target price of $62.96.
• In the latest quarter, Dynatrace reported an earnings per share of $0.42, exceeding expectations of $0.38, with revenues showing a 19.5% increase year-over-year.

TD Asset Management Inc lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 39.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,139 shares of the company's stock after purchasing an additional 10,200 shares during the quarter. TD Asset Management Inc's holdings in Dynatrace were worth $1,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eastern Bank acquired a new stake in shares of Dynatrace in the second quarter valued at approximately $35,000. Brooklyn Investment Group increased its stake in Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after acquiring an additional 800 shares during the last quarter. S.A. Mason LLC acquired a new stake in Dynatrace during the first quarter worth $58,000. CX Institutional increased its stake in Dynatrace by 42.6% during the second quarter. CX Institutional now owns 1,221 shares of the company's stock worth $67,000 after acquiring an additional 365 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock worth $76,000 after acquiring an additional 921 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Dynatrace in a research note on Tuesday, September 30th. They set an "overweight" rating and a $65.00 target price for the company. Citigroup cut their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Weiss Ratings reissued a "hold (c+)" rating on shares of Dynatrace in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their target price on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. One research 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 company. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.96.

Insider Activity at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the transaction, the executive vice president owned 1,420 shares of the company's stock, valued at approximately $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,602 shares of company stock worth $529,579. Company insiders own 0.57% of the company's stock.

Dynatrace Trading Up 1.7%

Shares of NYSE DT opened at $50.97 on Wednesday. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a fifty day simple moving average of $48.94 and a 200-day simple moving average of $50.26. The stock has a market capitalization of $15.37 billion, a PE ratio of 31.27, a PEG ratio of 4.42 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data 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. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to analysts' expectations of $467.39 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company's revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.

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