Sowell Financial Services LLC Takes Position in Dynatrace, Inc. $DT

Key Points

• Sowell Financial Services LLC has acquired a new stake in Dynatrace, Inc., purchasing 7,843 shares valued at approximately $433,000.
• Several analysts have recently adjusted their price targets on Dynatrace, with Citigroup reducing its target from $68 to $64 and maintaining a "buy" rating.
• Insider trading activity includes Director Lisa M. Campbell selling 1,013 shares, representing a 50.02% decrease in her holdings, and CAO Daniel S. Yates selling 2,000 shares.

Sowell Financial Services LLC bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,843 shares of the company's stock, valued at approximately $433,000.

Other hedge funds also recently modified their holdings of the company. Keybank National Association OH lifted its holdings in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after acquiring an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Dynatrace during the first quarter worth $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Dynatrace during the first quarter worth $3,846,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup cut their price objective on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. BMO Capital Markets cut their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Oppenheimer assumed coverage on Dynatrace in a report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price objective for the company. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus price target of $62.72.

Insider Activity

In other news, Director Lisa M. Campbell sold 1,013 shares of the firm'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 sale, the director directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. 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 currently owned by company insiders.

Dynatrace Price Performance

NYSE DT opened at $48.58 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock's 50-day moving average is $49.89 and its two-hundred day moving average is $50.22. The firm has a market cap of $14.65 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 4.23 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share 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 analyst estimates of $467.39 million. During the same period last year, the company earned $0.33 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current 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.

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