Oliver Lagore Vanvalin Investment Group Makes New Investment in Dynatrace, Inc. $DT

Key Points

• Oliver Lagore Vanvalin Investment Group purchased 23,695 shares of Dynatrace, Inc. for approximately $1.3 million in the 2nd quarter, according to a recent SEC filing.
• Dynatrace reported quarterly earnings of $0.42 per share, beating analysts' expectations, with a revenue of $477.35 million, a 19.5% increase year-over-year.
• Insider trading revealed that CAO Daniel S. Yates and Director Lisa M. Campbell sold a combined 3,099 shares of Dynatrace stock recently, indicating a significant decrease in their holdings.

Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,695 shares of the company's stock, valued at approximately $1,308,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. ProShare Advisors LLC increased its holdings in shares of Dynatrace by 6.2% during the fourth quarter. ProShare Advisors LLC now owns 19,521 shares of the company's stock valued at $1,061,000 after acquiring an additional 1,137 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Dynatrace by 2.3% during the fourth quarter. Royal Bank of Canada now owns 930,586 shares of the company's stock valued at $50,578,000 after acquiring an additional 20,807 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Dynatrace by 10.0% during the fourth quarter. Toronto Dominion Bank now owns 49,012 shares of the company's stock valued at $2,663,000 after acquiring an additional 4,443 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Dynatrace by 16.6% during the fourth quarter. Tidal Investments LLC now owns 40,948 shares of the company's stock valued at $2,226,000 after acquiring an additional 5,835 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after acquiring an additional 1,350,794 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price objective on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. Guggenheim lifted their price objective on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, BMO Capital Markets reduced their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Performance

NYSE:DT traded up $0.33 during trading hours on Monday, reaching $48.70. The stock had a trading volume of 2,154,027 shares, compared to its average volume of 3,103,547. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a 50 day moving average price of $50.21 and a two-hundred day moving average price of $50.28. The stock has a market capitalization of $14.68 billion, a PE ratio of 29.88, a PEG ratio of 4.25 and a beta of 0.91.

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, topping 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 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 company posted $0.33 EPS. The company's revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director owned 1,012 shares of the company's stock, valued at $50,367.24. This represents a 50.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock worth $154,429 in the last ninety days. 0.57% of the stock is currently owned by corporate 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.