QRG Capital Management Inc. Raises Stake in Dynatrace, Inc. $DT

Key Points

• QRG Capital Management Inc. has increased its stake in Dynatrace, Inc. by 18.4%, now holding 82,932 shares valued at approximately $4.58 million.
• Several institutional investors, including Nissay Asset Management and Arkadios Wealth Advisors, have also adjusted their positions in Dynatrace, indicating strong institutional interest with 94.28% of the company owned by such investors.
• Analysts have mixed ratings on Dynatrace, with price targets ranging from $62 to $67, reflecting a consensus rating of "Moderate Buy" based on various reassessments amidst recent insider selling activity.

QRG Capital Management Inc. increased its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,932 shares of the company's stock after acquiring an additional 12,906 shares during the period. QRG Capital Management Inc.'s holdings in Dynatrace were worth $4,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nissay Asset Management Corp Japan ADV increased its position in Dynatrace by 0.7% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock valued at $1,686,000 after buying an additional 249 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after acquiring an additional 253 shares during the last quarter. Illumine Investment Management LLC increased its holdings 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 acquiring an additional 278 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of Dynatrace by 1.2% in the 1st quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock worth $1,175,000 after purchasing an additional 301 shares during the last quarter. Finally, Cordatus Wealth Management LLC boosted its stake in Dynatrace by 7.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 4,472 shares of the company's stock worth $211,000 after purchasing an additional 318 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DT. Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Monday, August 4th. Citigroup reduced their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Wells Fargo & Company began coverage on shares of Dynatrace in a report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 price objective for the company. Wall Street Zen downgraded Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday. Finally, BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.52.

Insiders Place Their Bets

In related news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction dated 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. The trade was a 50.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,099 shares of company stock worth $154,429. 0.57% of the stock is owned by insiders.

Dynatrace Stock Down 0.9%

NYSE DT opened at $49.13 on Tuesday. The company has a 50-day moving average price of $49.26 and a 200-day moving average price of $50.24. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The firm has a market capitalization of $14.81 billion, a P/E ratio of 30.14, a PEG ratio of 4.36 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last announced 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 net margin of 27.75% and a return on equity of 9.15%. The company had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same period in the previous year, the business posted $0.33 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

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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