Jump Financial LLC Raises Stock Position in Dynatrace, Inc. $DT

Key Points

• Jump Financial LLC has significantly increased its stake in Dynatrace, growing its position by 668.2% and owning 175,225 shares valued at approximately $8.26 million.
• Analysts have raised their price targets for Dynatrace stock, with Bank of America increasing its target from $62.00 to $64.00 and DA Davidson from $60.00 to $65.00, maintaining a "buy" rating.
• Dynatrace surpassed quarterly earnings expectations, reporting $0.42 earnings per share against a forecast of $0.38, alongside a revenue increase of 19.5% year-over-year to $477.35 million.

Jump Financial LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 668.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,225 shares of the company's stock after buying an additional 152,416 shares during the quarter. Jump Financial LLC owned 0.06% of Dynatrace worth $8,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DT. Keybank National Association OH lifted its holdings in shares of Dynatrace by 30.0% in the 1st 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. raised its position in Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after purchasing an additional 11,234 shares during the period. Asset Management One Co. Ltd. raised its position in Dynatrace by 4.0% in 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 period. Teacher Retirement System of Texas bought a new stake in Dynatrace in the first quarter worth about $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Dynatrace during the first quarter valued at approximately $3,846,000. Institutional investors own 94.28% of the company's stock.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction on Monday, June 9th. The stock was 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 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 Price Performance

Shares of NYSE:DT traded up $0.76 during trading hours on Thursday, hitting $50.88. The company's stock had a trading volume of 3,344,957 shares, compared to its average volume of 3,051,008. The firm's fifty day moving average price is $52.12 and its 200 day moving average price is $51.56. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 4.18 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company 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 revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on DT. Barclays upped their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Royal Bank Of Canada upped their price objective on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Citigroup decreased their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price for the company. Finally, Morgan Stanley set a $55.00 price target on shares of Dynatrace in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $62.72.

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.