Canada Pension Plan Investment Board Raises Position in Dynatrace, Inc. $DT

Key Points

• The Canada Pension Plan Investment Board increased its stake in Dynatrace, Inc. (NYSE:DT) by 67.4% during the first quarter, owning a total of 48,200 shares valued at approximately $2.27 million.
• Several other institutional investors, including Siren L.L.C. and B. Metzler seel. Sohn & Co. AG, also raised their holdings in Dynatrace, highlighting significant interest from the investment community.
• Dynatrace reported a quarterly earnings per share of $0.42, beating estimates and indicating robust revenue growth of 19.5% year-over-year, with a market capitalization of $15.02 billion.

Canada Pension Plan Investment Board increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 67.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,200 shares of the company's stock after purchasing an additional 19,400 shares during the period. Canada Pension Plan Investment Board's holdings in Dynatrace were worth $2,273,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of DT. Ameriprise Financial Inc. boosted its stake in shares of Dynatrace by 146.4% during the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock valued at $128,638,000 after purchasing an additional 1,621,136 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dynatrace by 53.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after buying an additional 1,350,794 shares during the period. Nuveen LLC acquired a new position in Dynatrace in the first quarter valued at approximately $53,036,000. Goldman Sachs Group Inc. increased its holdings in shares of Dynatrace by 14.7% during the first 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. Finally, Allianz Asset Management GmbH increased its holdings in shares of Dynatrace by 587.0% during the first 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 in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value 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. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction dated 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 owned 1,012 shares in the company, valued at $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 sold 3,099 shares of company stock worth $154,429 over the last 90 days. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DT shares. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Guggenheim boosted their price objective on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Royal Bank Of Canada upped their price target on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Citigroup dropped 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. Finally, KeyCorp assumed coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus price target of $62.72.

Dynatrace Stock Performance

Shares of DT traded down $2.95 on Wednesday, reaching $47.70. The stock had a trading volume of 6,194,627 shares, compared to its average volume of 3,013,596. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a 50-day simple moving average of $51.15 and a 200-day simple moving average of $50.77. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last posted 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 business had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the company earned $0.33 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.