8,287 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has acquired 8,287 shares of Dynatrace, Inc., valued at approximately $391,000, in its most recent 13F filing with the SEC, reflecting increased institutional interest in the company.
• Dynatrace reported $0.33 earnings per share for the latest quarter, exceeding analysts' expectations of $0.30, with revenue showing a year-over-year increase of 16.9% to $445.17 million.
• Analysts have set a consensus price target of $62.57 for Dynatrace, with several firms maintaining "buy" or "outperform" ratings following their quarterly earnings report.

Mackenzie Financial Corp acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,287 shares of the company's stock, valued at approximately $391,000.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Dynatrace by 460.8% in the fourth quarter. Franklin Resources Inc. now owns 81,099 shares of the company's stock valued at $4,408,000 after buying an additional 66,638 shares during the period. Wedbush Securities Inc. acquired a new position in Dynatrace in the fourth quarter valued at about $244,000. Federated Hermes Inc. lifted its stake in Dynatrace by 77.2% in the fourth quarter. Federated Hermes Inc. now owns 58,934 shares of the company's stock valued at $3,203,000 after buying an additional 25,678 shares during the period. FIL Ltd lifted its stake in Dynatrace by 16.0% in the fourth quarter. FIL Ltd now owns 44,661 shares of the company's stock valued at $2,427,000 after buying an additional 6,145 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Dynatrace by 24.6% in the fourth quarter. Bank of Nova Scotia now owns 17,118 shares of the company's stock valued at $930,000 after buying an additional 3,385 shares during the period. Institutional investors own 94.28% of the company's stock.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Barclays raised their price target on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Wedbush reaffirmed an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Guggenheim raised their price target on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, UBS Group raised their price target on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.57.

Dynatrace Price Performance

DT stock traded down $0.22 during mid-day trading on Monday, reaching $46.02. The company had a trading volume of 5,002,247 shares, compared to its average volume of 3,034,272. The stock has a 50 day simple moving average of $53.72 and a two-hundred day simple moving average of $52.38. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.97 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The business's revenue 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. On average, equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current 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.