Mirae Asset Global Investments Co. Ltd. Purchases 7,153 Shares of Dynatrace, Inc. $DT

Key Points

• Mirae Asset Global Investments Co. Ltd. has increased its stake in Dynatrace, Inc. by 21.9%, acquiring an additional 7,153 shares, bringing their total holdings to 39,809 shares valued at approximately $2.2 million.
• Several analysts have adjusted their price targets for Dynatrace, with Royal Bank of Canada raising their target from $60.00 to $64.00 and Guggenheim increasing theirs from $66.00 to $68.00, maintaining an "outperform" and "buy" rating respectively.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, exceeding analysts' expectations, while revenue for the quarter rose by 19.5% year-over-year, totaling $477.35 million.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,809 shares of the company's stock after buying an additional 7,153 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Dynatrace were worth $2,198,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV grew its holdings in Dynatrace by 0.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock worth $1,686,000 after buying an additional 249 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after buying an additional 253 shares in the last quarter. Illumine Investment Management LLC grew its holdings in Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock worth $1,585,000 after buying an additional 278 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in Dynatrace by 1.2% during the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock worth $1,175,000 after buying an additional 301 shares in the last quarter. Finally, Cordatus Wealth Management LLC grew its holdings in Dynatrace by 7.7% during the first quarter. Cordatus Wealth Management LLC now owns 4,472 shares of the company's stock worth $211,000 after buying an additional 318 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Guggenheim boosted their price objective on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Oppenheimer assumed coverage on Dynatrace in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on Dynatrace in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.96.

Dynatrace Stock Performance

DT stock opened at $48.43 on Thursday. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 4.23 and a beta of 0.88. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a fifty day moving average of $49.02 and a 200-day moving average of $50.21.

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

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 7,503 shares of the business's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares in the company, valued at approximately $71,000. The trade was a 84.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the sale, the director owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,602 shares of company stock worth $529,579. 0.57% of the stock is owned by company insiders.

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.

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