Dynatrace, Inc. $DT Stake Boosted by Covea Finance

Key Points

• Covea Finance increased its stake in Dynatrace, Inc. by 67.0% during the 2nd quarter, bringing its total holdings to 78,500 shares valued at approximately $4.33 million.
• Insider trading activity included CAO Daniel S. Yates selling 2,000 shares and Director Lisa M. Campbell selling 1,013 shares, both resulting in a significant decrease in their ownership stakes.
• Dynatrace reported a net revenue increase of 19.5% year-over-year, with earnings per share exceeding analysts' expectations at $0.42 for the last quarter.

Covea Finance grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 67.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,500 shares of the company's stock after acquiring an additional 31,500 shares during the period. Covea Finance's holdings in Dynatrace were worth $4,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Dynatrace by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after acquiring an additional 157,523 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after acquiring an additional 1,124,207 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 3.1% during the 1st quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock valued at $367,833,000 after acquiring an additional 230,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Dynatrace by 79.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock worth $329,477,000 after purchasing an additional 3,092,576 shares in the last quarter. Finally, Eminence Capital LP increased its position in Dynatrace by 25.6% during the first quarter. Eminence Capital LP now owns 3,351,603 shares of the company's stock worth $158,028,000 after buying an additional 683,443 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director directly owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 over the last three months. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Oppenheimer started coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 target price for the company. BMO Capital Markets cut their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Royal Bank Of Canada upped their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Stock Up 0.7%

NYSE:DT opened at $48.70 on Tuesday. The firm has a market capitalization of $14.68 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a 50-day moving average price of $50.14 and a 200 day moving average price of $50.26.

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, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The company's quarterly revenue was up 19.5% compared to the same quarter last year. On average, research analysts expect that Dynatrace, Inc. will post 0.68 EPS 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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