National Bank of Canada FI Buys 6,796 Shares of Dynatrace, Inc. $DT

Key Points

• The National Bank of Canada FI increased its holdings in Dynatrace, Inc. by 540.2% during the first quarter, bringing its total to 8,054 shares valued at approximately $380,000.
• Analysts have mixed opinions on Dynatrace's stock, with price targets ranging from $50.00 to $67.00 and a current average rating of "Moderate Buy".
• Dynatrace reported a revenue of $477.35 million for the last quarter, exceeding analyst expectations and showing a year-over-year increase of 19.5%.

National Bank of Canada FI grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 540.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,054 shares of the company's stock after acquiring an additional 6,796 shares during the quarter. National Bank of Canada FI's holdings in Dynatrace were worth $380,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its holdings in shares of Dynatrace by 1,423.4% during 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 last quarter. CX Institutional purchased a new stake in shares of Dynatrace during the 1st quarter valued at about $40,000. Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace during the 1st quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in shares of Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DT. UBS Group raised their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Barclays raised their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. DA Davidson raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. The Goldman Sachs Group raised their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $62.63.

Dynatrace Stock Down 1.6%

NYSE:DT traded down $0.7960 during trading hours on Wednesday, hitting $48.3240. 804,255 shares of the stock traded hands, compared to its average volume of 3,035,779. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 4.24 and a beta of 0.91. The stock has a 50 day moving average price of $52.79 and a 200 day moving average price of $51.96.

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 the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company's revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

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.