Dynatrace, Inc. (NYSE:DT) Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs increased its stake in Dynatrace, Inc. by 14.7%, owning approximately 8.77 million shares valued at $413.45 million.
• Dynatrace's stock has recently experienced a 7.3% decline, with a current price of $46.83 and a market capitalization of $14.13 billion.
• Analysts remain positive, with multiple upgrades and a consensus price target of $62.57 reflecting a "Moderate Buy" rating for the stock.

Goldman Sachs Group Inc. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 14.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,768,711 shares of the company's stock after buying an additional 1,124,207 shares during the period. Goldman Sachs Group Inc. owned 2.93% of Dynatrace worth $413,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its stake in Dynatrace by 25.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,853 shares of the company's stock worth $644,000 after purchasing an additional 2,429 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Dynatrace by 460.8% in the 4th quarter. Franklin Resources Inc. now owns 81,099 shares of the company's stock valued at $4,408,000 after acquiring an additional 66,638 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Dynatrace by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,338,706 shares of the company's stock valued at $72,759,000 after acquiring an additional 80,351 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of Dynatrace in the 4th quarter valued at about $244,000. Finally, Federated Hermes Inc. increased its holdings in shares of Dynatrace by 77.2% in the 4th quarter. Federated Hermes Inc. now owns 58,934 shares of the company's stock valued at $3,203,000 after acquiring an additional 25,678 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insiders Place Their Bets

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.57% of the company's stock.

Dynatrace Price Performance

Dynatrace stock traded up $1.28 during mid-day trading on Tuesday, hitting $47.32. 1,508,676 shares of the company were exchanged, compared to its average volume of 3,021,483. The business's 50 day simple moving average is $53.56 and its two-hundred day simple moving average is $52.31. The company has a market capitalization of $14.27 billion, a P/E ratio of 28.96, a PEG ratio of 3.97 and a beta of 0.91. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. KeyCorp assumed coverage on Dynatrace in a research report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price for the company. Guggenheim upped their target price on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group increased their price target on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.57.

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.