Northern Trust Corp Purchases 93,030 Shares of Dynatrace, Inc. $DT

Key Points

• Northern Trust Corp has increased its stake in Dynatrace, Inc. by 3.5%, acquiring an additional 93,030 shares, bringing its total ownership to 2,755,354 shares valued at approximately $129.9 million.
• Institutional investors dominate Dynatrace with a 94.28% ownership, involving significant adjustments from several large investors in recent months.
• Dynatrace reported a quarterly earnings per share of $0.42, surpassing analysts' expectations, and has received a consensus rating of "Moderate Buy" with an average target price of $62.63 from multiple analysts.

Northern Trust Corp increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,755,354 shares of the company's stock after buying an additional 93,030 shares during the period. Northern Trust Corp owned 0.92% of Dynatrace worth $129,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. Coppell Advisory Solutions LLC boosted its holdings in Dynatrace by 1,423.4% during the fourth 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 bought a new position in shares of Dynatrace in the first quarter worth about $40,000. Brooklyn Investment Group lifted its position in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Dynatrace during the 1st quarter valued at approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 256 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Dynatrace Trading Up 1.4%

NYSE:DT traded up $0.70 during mid-day trading on Thursday, hitting $50.82. The company's stock had a trading volume of 865,052 shares, compared to its average volume of 3,034,690. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 4.18 and a beta of 0.91. 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 $52.12 and a 200-day moving average of $51.56.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data 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. 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 the consensus estimate of $467.39 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DT has been the topic of several recent analyst reports. BMO Capital Markets dropped 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. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Monday. Guggenheim upped their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Royal Bank Of Canada increased their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, UBS Group raised their price target on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus 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.