Perigon Wealth Management LLC Takes $508,000 Position in Dynatrace, Inc. $DT

Key Points

• Perigon Wealth Management LLC has acquired a new position in Dynatrace, Inc., purchasing 9,209 shares valued at approximately $508,000 in the second quarter.
• The stock has shown strong performance, with a 19.5% increase in revenue year-over-year, and recently beat earnings estimates with $0.42 EPS reported compared to a consensus of $0.38.
• Institutional investors hold 94.28% of Dynatrace's stock, reflecting significant confidence in the company, with various large investors modifying their stakes in recent months.

Perigon Wealth Management LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,209 shares of the company's stock, valued at approximately $508,000.

A number of other large investors have also recently modified their holdings of DT. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dynatrace by 26.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,885 shares of the company's stock valued at $755,000 after acquiring an additional 2,902 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Dynatrace by 35.4% in the first 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. GAMMA Investing LLC increased its stake in Dynatrace by 5,404.5% in the first quarter. GAMMA Investing LLC now owns 200,199 shares of the company's stock valued at $9,439,000 after acquiring an additional 196,562 shares during the last quarter. Rhumbline Advisers increased its stake in Dynatrace by 0.5% in the first quarter. Rhumbline Advisers now owns 883,314 shares of the company's stock valued at $41,648,000 after acquiring an additional 4,776 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its stake in Dynatrace by 0.7% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 406,195 shares of the company's stock valued at $19,148,000 after acquiring an additional 2,972 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

DT opened at $49.31 on Tuesday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The stock has a market capitalization of $14.87 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 4.35 and a beta of 0.91. The stock's 50 day moving average price is $49.74 and its 200-day moving average price is $50.26.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results 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. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. Research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director directly owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 over the last three months. Insiders own 0.57% of the company's stock.

Analyst Ratings Changes

DT has been the subject of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Royal Bank Of Canada boosted their target price on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. KeyCorp initiated coverage on Dynatrace in a research report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price for the company. BMO Capital Markets dropped their target price on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One investment 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 MarketBeat, the stock currently has an average 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.

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