Russell Investments Group Ltd. Boosts Stock Position in Dynatrace, Inc. $DT

Key Points

• Russell Investments Group Ltd. increased its stake in Dynatrace, Inc. by 117.7% during the 1st quarter, now owning 308,656 shares valued at approximately $14.55 million.
• Other major investors like Vanguard Group and Goldman Sachs have also boosted their holdings, underscoring strong institutional interest as 94.28% of the stock is owned by institutional investors.
• Dynatrace recently reported quarterly earnings with an EPS of $0.42, exceeding expectations, while analysts maintain a consensus rating of “Moderate Buy” with a target price of $62.57.

Russell Investments Group Ltd. boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 117.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,656 shares of the company's stock after buying an additional 166,899 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of Dynatrace worth $14,553,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Dynatrace by 0.5% during the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after buying an additional 157,523 shares during the period. Janus Henderson Group PLC raised its stake in Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after purchasing an additional 493,987 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after acquiring an additional 1,124,207 shares during the last quarter. Dragoneer Investment Group LLC bought a new position in shares of Dynatrace in the fourth quarter worth approximately $242,380,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dynatrace by 53.1% in 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. Institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Loop Capital cut their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday. KeyCorp began coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price target on the stock. Finally, DA Davidson upped their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.63.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace 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 sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Dynatrace Stock Up 0.6%

Shares of NYSE:DT traded up $0.2840 during trading on Tuesday, hitting $49.1240. The stock had a trading volume of 3,928,029 shares, compared to its average volume of 3,433,232. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 4.24 and a beta of 0.91. The stock has a 50-day simple moving average of $52.79 and a two-hundred day simple moving average of $51.96.

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