Dynatrace, Inc. $DT is Fox Run Management L.L.C.'s 6th Largest Position

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Dynatrace, Inc. by 415.4%, owning 72,641 shares valued at approximately $3.4 million, making it the firm's 6th largest holding.
• Dynatrace reported a 19.5% year-over-year revenue increase and earnings per share of $0.42, surpassing analysts' expectations of $0.38.
• Institutional investors own 94.28% of Dynatrace's stock, indicating strong confidence in the company's performance among major financial players.

Fox Run Management L.L.C. grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 415.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,641 shares of the company's stock after purchasing an additional 58,547 shares during the quarter. Dynatrace makes up about 0.5% of Fox Run Management L.L.C.'s portfolio, making the stock its 6th biggest holding. Fox Run Management L.L.C.'s holdings in Dynatrace were worth $3,425,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DT. Coppell Advisory Solutions LLC boosted its stake in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional purchased a new position in Dynatrace in the 1st quarter valued at about $40,000. Opal Wealth Advisors LLC purchased a new position in Dynatrace in the 1st quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB lifted its stake in Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after buying an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its stake in Dynatrace by 344.0% in the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock valued at $52,000 after buying an additional 860 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of NYSE DT traded up $0.15 during midday trading on Tuesday, reaching $48.99. 1,467,965 shares of the stock were exchanged, compared to its average volume of 3,033,535. The stock has a market capitalization of $14.77 billion, a P/E ratio of 30.04, a PEG ratio of 4.19 and a beta of 0.91. The company has a 50 day simple moving average of $52.89 and a 200 day simple moving average of $51.97. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $477.35 million during the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. On average, research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DT. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday. The Goldman Sachs Group increased their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. 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 report on Thursday, August 7th. Finally, UBS Group increased their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average price target of $62.63.

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.