Assenagon Asset Management S.A. Acquires 307,698 Shares of Dynatrace, Inc. $DT

Key Points

• Assenagon Asset Management S.A. increased its holdings in Dynatrace, Inc. by 47.9%, acquiring a total of 949,786 shares valued at approximately $52 million.
• Multiple analysts have upgraded their ratings on Dynatrace, with the average target price now set at $62.72, indicating a positive outlook for the stock.
• Insider trading was reported as CAO Daniel S. Yates sold 2,000 shares, resulting in a significant decrease in his ownership, highlighting executive confidence changes.

Assenagon Asset Management S.A. boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 47.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 949,786 shares of the company's stock after purchasing an additional 307,698 shares during the quarter. Assenagon Asset Management S.A. owned about 0.31% of Dynatrace worth $52,438,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dynatrace by 79.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock valued at $329,477,000 after acquiring an additional 3,092,576 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 acquiring an additional 1,621,136 shares during the period. Nuveen LLC bought a new stake in Dynatrace in the 1st quarter valued at $53,036,000. Goldman Sachs Group Inc. lifted its stake in Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after purchasing an additional 1,124,207 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Dynatrace by 587.0% in the 1st quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock valued at $47,139,000 after acquiring an additional 854,250 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity at Dynatrace

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace 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 transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction on Friday, September 5th. The stock was 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 of the company's stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 over the last three months. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Trading Down 1.5%

NYSE DT traded down $0.72 during trading hours on Tuesday, reaching $47.88. The company had a trading volume of 759,747 shares, compared to its average volume of 3,094,469. The stock has a 50-day moving average of $50.14 and a 200 day moving average of $50.26. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a market capitalization of $14.44 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced 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. The business had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company's revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. As a group, sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

DT has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Monday, August 4th. KeyCorp began coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target for the company. Oppenheimer began coverage on shares of Dynatrace in a report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price target for the company. Finally, BMO Capital Markets lowered their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace 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.