Dynatrace, Inc. $DT Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Dynatrace, Inc. by 4.7%, acquiring an additional 25,527 shares and bringing its total holdings to 571,235 shares valued at approximately $26.93 million.
• Large investors have aggressively increased their positions in Dynatrace, with Coppell Advisory Solutions LLC growing its stake by 1,423.4% and other firms like CX Institutional and Opal Wealth Advisors LLC also making new investments.
• Analysts have mixed views on Dynatrace, with price targets ranging from $55.00 to $69.00; currently, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.63.

Invesco Ltd. lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 571,235 shares of the company's stock after acquiring an additional 25,527 shares during the period. Invesco Ltd. owned 0.19% of Dynatrace worth $26,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC increased its position in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the period. CX Institutional acquired a new position in shares of Dynatrace in the 1st quarter valued at $40,000. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace in the 1st quarter valued at $45,000. MassMutual Private Wealth & Trust FSB grew its position in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the period. Finally, GeoWealth Management LLC grew its position in Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock worth $56,000 after purchasing an additional 340 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets cut their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. KeyCorp assumed coverage on Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Royal Bank Of Canada increased their price target on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Finally, DA Davidson increased their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.63.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company's stock.

Dynatrace Stock Up 1.2%

Shares of DT stock traded up $0.60 during mid-day trading on Friday, hitting $49.41. 2,819,559 shares of the stock were exchanged, compared to its average volume of 3,487,882. The firm has a fifty day moving average of $52.51 and a 200 day moving average of $51.73. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market cap of $14.90 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 4.29 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 27.75% and a return on equity of 9.15%. Dynatrace's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current 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.