Hsbc Holdings PLC Acquires 7,584 Shares of Dynatrace, Inc. $DT

Key Points

• Hsbc Holdings PLC has increased its stake in Dynatrace, Inc. by 2.4%, owning approximately $15.5 million worth of shares as of the latest SEC filing.
• Dynatrace recently reported a 19.5% year-over-year increase in quarterly revenue, posting $477.35 million against a consensus estimate of $467.39 million.
• Major institutional investors hold 94.28% of Dynatrace's stock, indicating significant institutional confidence in the company.

Hsbc Holdings PLC grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 329,615 shares of the company's stock after buying an additional 7,584 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Dynatrace worth $15,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DT. Vanguard Group Inc. increased its stake in shares of Dynatrace by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock worth $1,429,527,000 after purchasing an additional 157,523 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after purchasing an additional 493,987 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after purchasing an additional 1,124,207 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Dynatrace by 3.1% during the 1st quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock worth $367,833,000 after purchasing an additional 230,967 shares during the last quarter. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of Dynatrace during the 4th quarter worth approximately $242,380,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 1.8%

Shares of NYSE DT traded up $0.93 during mid-day trading on Thursday, reaching $51.05. 1,891,091 shares of the company were exchanged, compared to its average volume of 3,041,505. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a market capitalization of $15.39 billion, a PE ratio of 31.33, a PEG ratio of 4.18 and a beta of 0.91. The company's 50 day moving average price is $52.12 and its 200 day moving average price is $51.56.

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 company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same period in the previous year, the firm posted $0.33 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DT. Guggenheim raised their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised their price target on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. Finally, Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.72.

Insider Activity

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

Dynatrace Company 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.