Eminence Capital LP Increases Stake in Dynatrace, Inc. $DT

Key Points

• Eminence Capital LP increased its stake in Dynatrace by 25.6% by purchasing 683,443 shares, bringing its total holdings to over 3.35 million shares, representing 2.6% of its portfolio.
• Several institutional investors, including CX Institutional and Brooklyn Investment Group, have significantly increased their holdings in Dynatrace, indicating positive sentiment among larger investors.
• Dynatrace's recent earnings report showed a profit of $0.42 per share, surpassing analyst expectations, with revenue growth of 19.5% year-over-year, emphasizing the company's strong performance.

Eminence Capital LP increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,351,603 shares of the company's stock after buying an additional 683,443 shares during the quarter. Dynatrace comprises approximately 2.6% of Eminence Capital LP's investment portfolio, making the stock its 18th largest holding. Eminence Capital LP owned 1.12% of Dynatrace worth $158,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Dynatrace by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock worth $1,429,527,000 after buying an additional 157,523 shares during the period. Janus Henderson Group PLC increased its holdings in Dynatrace by 5.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares during the period. Goldman Sachs Group Inc. grew its stake 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 worth $413,445,000 after purchasing an additional 1,124,207 shares during the period. American Century Companies Inc. grew its stake 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 worth $367,833,000 after purchasing an additional 230,967 shares during the period. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth approximately $242,380,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Morgan Stanley set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, May 15th. DA Davidson raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Guggenheim raised their price objective 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, Royal Bank Of Canada raised their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Stock Performance

Dynatrace stock traded down $0.16 during trading on Monday, reaching $49.84. The company had a trading volume of 5,691,445 shares, compared to its average volume of 3,064,661. The firm's 50-day simple moving average is $51.48 and its 200 day simple moving average is $50.87. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The firm has a market capitalization of $15.03 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same quarter last year, the company earned $0.33 EPS. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

About Dynatrace

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.