Generali Asset Management SPA SGR Acquires Shares of 17,988 Dynatrace, Inc. $DT

Key Points

• Generali Asset Management SPA SGR has acquired 17,988 shares of Dynatrace, Inc. valued at approximately $993,000 during the second quarter.
• Institutional investors own 94.28% of Dynatrace's stock, indicating significant institutional interest in the company.
• Dynatrace reported a 19.5% year-over-year increase in revenue, with quarterly earnings topping analysts' expectations, showing strong financial performance.

Generali Asset Management SPA SGR acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,988 shares of the company's stock, valued at approximately $993,000.

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH lifted its stake in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after buying an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after buying an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after buying an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Dynatrace in the first quarter valued at $2,175,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Dynatrace in the first quarter valued at $3,846,000. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Guggenheim increased their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wells Fargo & Company assumed coverage on shares of Dynatrace in a report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 target price for the company. Citigroup lowered their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. Royal Bank Of Canada increased their target price on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.96.

Dynatrace Stock Performance

NYSE DT opened at $48.19 on Friday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a 50-day simple moving average of $48.78 and a 200 day simple moving average of $50.15. The company has a market capitalization of $14.53 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 4.18 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same quarter last year, the company posted $0.33 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the completion of the transaction, the executive vice president owned 1,420 shares of the company's stock, valued at $71,000. The trade was a 84.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,602 shares of company stock worth $529,579. Insiders own 0.57% of the company's stock.

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.

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