Stephens Investment Management Group LLC Boosts Stock Holdings in Dynatrace, Inc. $DT

Key Points

• Stephens Investment Management Group LLC increased its stake in Dynatrace, Inc. by 12.6% during the second quarter, owning approximately $35.2 million worth of shares by the end of the quarter.
• Dynatrace reported a strong quarterly performance, with $0.42 earnings per share, exceeding analyst estimates, and a 19.5% year-over-year increase in revenue.
• Analyst ratings for Dynatrace vary, with Guggenheim upgrading the target price to $68.00 while others have lowered their price objectives, indicating a mixed outlook on the stock's performance.

Stephens Investment Management Group LLC boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 637,890 shares of the company's stock after buying an additional 71,216 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.21% of Dynatrace worth $35,218,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DT. GAMMA Investing LLC increased its holdings in Dynatrace by 16.7% in the first quarter. GAMMA Investing LLC now owns 4,246 shares of the company's stock valued at $200,000 after buying an additional 609 shares during the last quarter. SG Americas Securities LLC increased its holdings in Dynatrace by 183.8% in the first quarter. SG Americas Securities LLC now owns 6,504 shares of the company's stock valued at $307,000 after buying an additional 4,212 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Dynatrace by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 43,564 shares of the company's stock valued at $2,053,000 after buying an additional 1,030 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Dynatrace by 7.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 34,443 shares of the company's stock valued at $1,624,000 after buying an additional 2,315 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after buying an additional 4,697 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 1.7%

NYSE DT opened at $50.97 on Wednesday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The business's 50-day moving average price is $48.94 and its 200 day moving average price is $50.26. The firm has a market cap of $15.37 billion, a P/E ratio of 31.27, a P/E/G ratio of 4.42 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the company posted $0.33 earnings per share. The business's revenue was up 19.5% on a year-over-year basis. As a group, analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DT shares. Guggenheim increased their target price on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Wells Fargo & Company assumed coverage on Dynatrace in a report on Tuesday, September 30th. They set an "overweight" rating and a $65.00 price objective on the stock. Oppenheimer assumed coverage on Dynatrace in a report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price objective on the stock. Finally, Citigroup dropped their price objective on Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average target price of $62.96.

Insider Buying and Selling

In related news, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction dated 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 owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 7,503 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the transaction, the executive vice president directly owned 1,420 shares in the company, valued at approximately $71,000. This represents a 84.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,602 shares of company stock valued at $529,579 over the last quarter. 0.57% of the stock is currently owned by insiders.

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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