Advent International L.P. Has $24.56 Million Position in Dynatrace, Inc. $DT

Key Points

• Advent International L.P. reduced its stake in Dynatrace, Inc. by 32.0%, now owning 520,960 shares valued at approximately $24.56 million, making it the firm's 15th largest position.
• Several hedge funds, including Keybank National Association and Bridges Investment Management Inc., increased their holdings in Dynatrace during the first quarter, reflecting confidence in the company's prospects.
• Analysts have provided largely positive ratings for Dynatrace, with Barclays and DA Davidson raising their target prices to $62.00 and $65.00 respectively, indicating a consensus "Moderate Buy" rating for the stock.

Advent International L.P. trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 520,960 shares of the company's stock after selling 245,700 shares during the quarter. Dynatrace accounts for 0.8% of Advent International L.P.'s portfolio, making the stock its 15th largest holding. Advent International L.P. owned approximately 0.17% of Dynatrace worth $24,563,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DT. Dragoneer Investment Group LLC acquired a new position in shares of Dynatrace in the 4th quarter worth approximately $242,380,000. Ameriprise Financial Inc. lifted its holdings in Dynatrace by 146.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock worth $128,638,000 after buying an additional 1,621,136 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Dynatrace by 53.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after buying an additional 1,350,794 shares in the last quarter. Nuveen LLC acquired a new position in Dynatrace during the 1st quarter worth $53,036,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after buying an additional 1,124,207 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DT has been the topic of several research reports. Citigroup reduced their price objective on Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Wedbush restated an "outperform" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. Barclays upped their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Guggenheim upped their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group upped their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.72.

Dynatrace Trading Up 0.3%

Shares of Dynatrace stock traded up $0.17 during trading hours on Friday, reaching $49.94. 3,710,299 shares of the company's stock were exchanged, compared to its average volume of 3,141,866. The company has a 50 day moving average of $51.48 and a two-hundred day moving average of $51.01. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a market cap of $15.06 billion, a P/E ratio of 30.64, a P/E/G ratio of 4.38 and a beta of 0.91.

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

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated 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 directly owned 17,242 shares of the company's stock, valued at $940,033.84. This 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 this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the firm's 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 directly owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

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.