Headlands Technologies LLC Invests $1.48 Million in Dynatrace, Inc. (NYSE:DT)

Key Points

• Headlands Technologies LLC has acquired a new stake in Dynatrace, Inc., purchasing 31,299 shares valued at approximately $1.48 million.
• Dynatrace saw mixed evaluations from analysts, with Wall Street Zen downgrading the stock from "buy" to "hold" while other firms have set target prices ranging from $44 to $65.
• Insider trading activity included EVP Dan Zugelder selling 15,824 shares, significantly reducing his ownership by nearly 48% in a transaction valued at about $863,000.

Headlands Technologies LLC purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,299 shares of the company's stock, valued at approximately $1,476,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DT. Keybank National Association OH increased its holdings in 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. increased its holdings in 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. increased its holdings in 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 purchased a new position in Dynatrace in the first quarter valued at $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in Dynatrace in the first quarter valued at $3,846,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the company'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 completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Royal Bank Of Canada lifted their target price 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. Barclays lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. DA Davidson lifted their target price 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. Six equities research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $62.57.

Dynatrace Price Performance

DT traded up $1.05 during midday trading on Tuesday, reaching $47.09. 1,936,869 shares of the company's stock were exchanged, compared to its average volume of 3,026,451. The stock has a market capitalization of $14.20 billion, a PE ratio of 28.91, a P/E/G ratio of 3.97 and a beta of 0.91. The business's 50-day moving average price is $53.56 and its 200 day moving average price is $52.31. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

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

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.