Prudential PLC Acquires 15,376 Shares of Dynatrace, Inc. $DT

Key Points

• Prudential PLC has increased its stake in Dynatrace, Inc. by 63.6%, acquiring an additional 15,376 shares, bringing its total holdings to 39,548 shares worth approximately $1.87 million.
• Multiple hedge funds, including Coppell Advisory Solutions and MassMutual Private Wealth, have also significantly increased their positions in Dynatrace, with institutional investors now holding 94.28% of the stock.
• Dynatrace reported strong earnings, with quarterly revenue up 19.5% year-over-year, surpassing expectations, as it achieved $0.42 EPS compared to the consensus estimate of $0.38.

Prudential PLC raised its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 63.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,548 shares of the company's stock after acquiring an additional 15,376 shares during the period. Prudential PLC's holdings in Dynatrace were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mariner LLC grew its position in Dynatrace by 0.4% during the 4th quarter. Mariner LLC now owns 145,979 shares of the company's stock worth $7,934,000 after purchasing an additional 637 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $709,000. Jump Financial LLC acquired a new position in Dynatrace during the fourth quarter worth $1,240,000. NewEdge Advisors LLC raised its position in Dynatrace by 14.4% in the fourth quarter. NewEdge Advisors LLC now owns 7,289 shares of the company's stock worth $396,000 after acquiring an additional 916 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in Dynatrace in the fourth quarter valued at $109,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Up 0.5%

NYSE DT traded up $0.2360 during trading on Tuesday, hitting $49.0760. 1,186,643 shares of the company traded hands, compared to its average volume of 3,032,279. The company has a market capitalization of $14.80 billion, a P/E ratio of 30.09, a PEG ratio of 4.19 and a beta of 0.91. The business has a fifty day simple moving average of $52.89 and a 200 day simple moving average of $51.97. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 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 company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same quarter last year, the company posted $0.33 earnings per share. The company's revenue for the quarter 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 fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on DT shares. Royal Bank Of Canada raised their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Loop Capital cut their price objective on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Guggenheim raised their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Barclays increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $62.63.

Insider Buying and Selling at Dynatrace

In related 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 completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

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.