Insight Wealth Strategies LLC Buys New Position in Dynatrace, Inc. $DT

Key Points

• Insight Wealth Strategies LLC acquired a new stake in Dynatrace, purchasing 76,971 shares valued at approximately $4.2 million during the second quarter.
• Dynatrace's stock has a consensus rating of "Moderate Buy" from analysts, with one "Strong Buy" and several "Buy" ratings, indicating positive sentiment toward the company.
• In its latest earnings report, Dynatrace topped consensus estimates with a quarterly EPS of $0.42, surpassing analyst expectations of $0.38, and its revenue increased by 19.5% year-over-year.

Insight Wealth Strategies LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 76,971 shares of the company's stock, valued at approximately $4,188,000.

Other hedge funds also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in Dynatrace during the 1st quarter valued at about $40,000. Brooklyn Investment Group increased its holdings in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after purchasing an additional 800 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace in the first quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after purchasing an additional 256 shares during the period. Finally, Global Financial Private Client LLC increased its holdings in shares of Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock valued at $52,000 after purchasing an additional 860 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DT shares. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup cut their price objective on Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Oppenheimer started coverage on Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price objective on the stock. Finally, KeyCorp began coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Stock Up 0.1%

Dynatrace stock opened at $49.12 on Friday. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 4.32 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The business's 50-day moving average price is $50.85 and its 200 day moving average price is $50.58.

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

Insider Buying and Selling

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 in the last quarter. 0.57% of the stock is currently owned by company insiders.

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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