Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 17,800 Shares of Dynatrace, Inc. $DT

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Dynatrace, Inc. by 17.5%, acquiring an additional 17,800 shares, bringing its total holdings to 119,246 shares valued at approximately $5.6 million.
• During the same period, other institutional investors also significantly invested in Dynatrace, leading to hedge funds and institutions holding 94.28% of the company's stock.
• Dynatrace recently reported quarterly earnings of $0.42 per share, surpassing the consensus estimate of $0.38, and indicated a revenue increase of 19.5% compared to the previous year.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,246 shares of the company's stock after buying an additional 17,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Dynatrace were worth $5,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of Dynatrace by 117.7% in the 1st quarter. Russell Investments Group Ltd. now owns 308,656 shares of the company's stock worth $14,553,000 after purchasing an additional 166,899 shares in the last quarter. Prudential PLC increased its holdings in Dynatrace by 63.6% in the 1st quarter. Prudential PLC now owns 39,548 shares of the company's stock worth $1,865,000 after buying an additional 15,376 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Dynatrace by 6.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 106,364 shares of the company's stock worth $5,029,000 after buying an additional 6,551 shares in the last quarter. HighTower Advisors LLC raised its position in Dynatrace by 29.3% in the 1st quarter. HighTower Advisors LLC now owns 33,558 shares of the company's stock worth $1,582,000 after buying an additional 7,606 shares during the last quarter. Finally, AGF Management Ltd. lifted its stake in Dynatrace by 5.6% during the 1st quarter. AGF Management Ltd. now owns 176,145 shares of the company's stock valued at $8,305,000 after acquiring an additional 9,285 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 0.6%

DT stock traded up $0.2840 during midday trading on Tuesday, hitting $49.1240. The company's stock had a trading volume of 3,928,029 shares, compared to its average volume of 3,050,238. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 4.19 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 company has a 50 day moving average of $52.89 and a two-hundred day moving average of $51.97.

Dynatrace (NYSE:DT - Get Free Report) last announced 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. The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Dynatrace

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DT shares. Royal Bank Of Canada lifted their price target 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. Citigroup decreased their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday. Loop Capital dropped their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Finally, UBS Group lifted their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $62.63.

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.