Dynatrace, Inc. $DT Shares Acquired by Siren L.L.C.

Key Points

• Siren L.L.C. increased its stake in Dynatrace, Inc. by 6.0%, now owning 87,729 shares valued at approximately $4.14 million.
• Insider Dan Zugelder sold 15,824 shares at an average price of $54.52, representing a 47.86% decrease in his ownership.
• Dynatrace's latest earnings report beat estimates, showing $0.42 earnings per share and 19.5% revenue growth compared to the previous year.

Siren L.L.C. raised its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,729 shares of the company's stock after buying an additional 5,000 shares during the quarter. Siren L.L.C.'s holdings in Dynatrace were worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new stake in Dynatrace in the 4th quarter worth approximately $242,380,000. Alyeska Investment Group L.P. purchased a new position in shares of Dynatrace in the fourth quarter valued at $204,000,000. Ameriprise Financial Inc. increased its position in Dynatrace by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock worth $128,638,000 after purchasing an additional 1,621,136 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Dynatrace by 53.1% during 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 purchasing an additional 1,350,794 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Dynatrace during the first quarter valued at $53,036,000. 94.28% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 17,242 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DT shares. The Goldman Sachs Group boosted their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Oppenheimer started coverage on Dynatrace in a research note on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price objective on the stock. Barclays raised their price objective on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Guggenheim lifted their target price on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Bank of America boosted their target price on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Down 0.1%

DT traded down $0.07 during trading hours on Tuesday, reaching $50.54. 2,139,392 shares of the company's stock traded hands, compared to its average volume of 3,038,385. The firm has a 50-day moving average price of $51.87 and a 200 day moving average price of $51.19. The firm has a market capitalization of $15.24 billion, a PE ratio of 31.00, a PEG ratio of 4.45 and a beta of 0.91. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business's revenue for the quarter 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. Equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

About Dynatrace

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.