Nuveen LLC Takes $53.04 Million Position in Dynatrace, Inc. $DT

Key Points

• Nuveen LLC has made a significant investment in Dynatrace, Inc. by acquiring 1,124,829 shares valued at approximately $53 million, which constitutes 0.38% of the company's stock.
• Several large investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also increased their stakes in Dynatrace, highlighting strong institutional interest in the company.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, surpassing analyst expectations, with a revenue increase of 19.5% compared to the previous year.

Nuveen LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,124,829 shares of the company's stock, valued at approximately $53,036,000. Nuveen LLC owned about 0.38% of Dynatrace as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after buying an additional 177 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after buying an additional 253 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after buying an additional 256 shares during the last quarter. Illumine Investment Management LLC lifted its position in shares of Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after buying an additional 278 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Dynatrace by 1.2% during the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock valued at $1,175,000 after buying an additional 301 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DT has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Bank of America upped their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. KeyCorp initiated coverage on shares of Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. DA Davidson upped their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.63.

Insider Activity at Dynatrace

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 shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by insiders.

Dynatrace Price Performance

NYSE:DT traded up $0.3140 during midday trading on Tuesday, hitting $49.1540. The company's stock had a trading volume of 948,120 shares, compared to its average volume of 3,030,247. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm's 50 day moving average is $52.89 and its 200-day moving average is $51.97. The firm has a market cap of $14.82 billion, a P/E ratio of 30.17, a P/E/G ratio of 4.19 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 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. As a group, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

About Dynatrace

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.