GraniteShares Advisors LLC Takes $456,000 Position in Dynatrace, Inc. $DT

Key Points

• GraniteShares Advisors LLC has taken a position in Dynatrace, Inc. by purchasing 8,266 shares worth approximately $456,000 during the 2nd quarter.
• Multiple institutional investors have recently increased their stakes, with Keybank National Association boosting its position by 30% in Q1, now holding shares valued at over $34 million.
• Analysts have generally upgraded their ratings on Dynatrace, with one report raising the stock from a "hold" to a "buy" and several price targets ranging from $62 to $68.

GraniteShares Advisors LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,266 shares of the company's stock, valued at approximately $456,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Keybank National Association OH increased its position in shares of Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after acquiring an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. grew its stake in Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after purchasing an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dynatrace in the 1st quarter valued at approximately $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Dynatrace during the 1st quarter valued at approximately $3,846,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction dated 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 $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 is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director owned 1,012 shares in the company, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,099 shares of company stock worth $154,429 over the last ninety days. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on DT shares. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Guggenheim increased their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their price target on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets cut their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock 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 company. Based on data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Up 1.8%

Shares of NYSE:DT opened at $49.49 on Monday. The firm has a 50-day simple moving average of $49.81 and a 200 day simple moving average of $50.25. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a market cap of $14.92 billion, a PE ratio of 30.36, a P/E/G ratio of 4.35 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal 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.

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