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

Other hedge funds and other institutional investors have also modified their holdings of the company. Keybank National Association OH grew its stake in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after buying an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. increased its holdings in Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after buying an additional 11,234 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after purchasing an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Dynatrace during the 1st quarter worth approximately $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Dynatrace during the 1st quarter valued at $3,846,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Guggenheim increased their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Rosenblatt Securities reissued a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Oppenheimer started coverage on Dynatrace in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 target price for the company. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, KeyCorp began coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Insider Activity at Dynatrace

In other news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 1,012 shares of the company's stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

NYSE DT traded down $0.31 during trading on Tuesday, reaching $48.30. The company's stock had a trading volume of 489,024 shares, compared to its average volume of 3,093,132. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The business's fifty day moving average price is $50.14 and its 200-day moving average price is $50.26. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 4.25 and a beta of 0.91.

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

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.