Swedbank AB Has $9.91 Million Holdings in Dynatrace, Inc. $DT

Key Points

• Swedbank AB increased its stake in Dynatrace, Inc. by 43.9%, acquiring an additional 54,700 shares, bringing its total ownership to approximately 179,426 shares valued at about $9.9 million.
• Several institutional investors made significant changes to their positions in Dynatrace in the recent quarter, with UBS AM raising its stake by 79.4% and Ameriprise Financial increasing by 146.4%.
• Analysts have provided a generally positive outlook for Dynatrace, with multiple upgrades and a consensus rating of "Moderate Buy", along with an average target price of $62.72.

Swedbank AB grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 43.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,426 shares of the company's stock after purchasing an additional 54,700 shares during the period. Swedbank AB owned about 0.06% of Dynatrace worth $9,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keybank National Association OH raised 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 during the last quarter. Bridges Investment Management Inc. raised 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 during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of 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 purchasing an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Dynatrace in the first quarter valued at approximately $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Dynatrace in the first quarter valued at approximately $3,846,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Wall Street Zen upgraded shares of Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Citigroup lowered their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Royal Bank Of Canada boosted their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Guggenheim boosted their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Insider Transactions at Dynatrace

In other news, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director owned 1,012 shares of the company's stock, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is currently owned by company insiders.

Dynatrace Price Performance

DT stock traded up $0.33 during midday trading on Monday, reaching $48.70. 2,155,218 shares of the company were exchanged, compared to its average volume of 3,523,365. The business has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $50.28. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 64.49, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91.

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