Slow Capital Inc. Takes Position in Dynatrace, Inc. $DT

Key Points

• Slow Capital Inc. has acquired a significant stake in Dynatrace, Inc., purchasing 82,740 shares valued at approximately $4.57 million during the 2nd quarter.
• Insider activity has seen the Chief Accounting Officer and a Director of Dynatrace selling shares, with total insider sales of 3,099 shares worth $154,429 over the last ninety days.
• Analysts' ratings for Dynatrace show a consensus of a "Moderate Buy," with a target price of $62.52, while recent upgrades suggest positive sentiment around the stock's potential performance.

Slow Capital Inc. purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 82,740 shares of the company's stock, valued at approximately $4,568,000.

Several other hedge funds have also recently bought and sold shares of DT. CX Institutional acquired a new position in Dynatrace in the 1st quarter valued at approximately $40,000. Brooklyn Investment Group grew its holdings in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after acquiring an additional 800 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace in the first quarter worth $45,000. S.A. Mason LLC acquired a new position in shares of Dynatrace in the first quarter worth $58,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock worth $76,000 after acquiring an additional 921 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dynatrace

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director owned 1,012 shares of the company's stock, valued at approximately $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 a total of 3,099 shares of company stock worth $154,429 over the last ninety days. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Down 0.9%

Shares of Dynatrace stock opened at $49.13 on Tuesday. The stock has a market cap of $14.81 billion, a P/E ratio of 30.14, a P/E/G ratio of 4.36 and a beta of 0.88. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business's 50 day moving average is $49.26 and its 200-day moving average is $50.24.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $477.35 million for 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 was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DT. 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 report on Thursday, August 7th. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Friday. Wells Fargo & Company started coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 target price on the stock. KeyCorp began coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price on the stock. Finally, Guggenheim upped their price target on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.52.

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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