Temasek Holdings Private Ltd Acquires 6,389 Shares of Dynatrace, Inc. $DT

Key Points

• Temasek Holdings Private Ltd increased its stake in Dynatrace, Inc. by 1.6%, now owning approximately 398,754 shares valued at $18.8 million.
• Several institutional investors, including BNP Paribas and Deutsche Bank, also modified their positions in Dynatrace, indicating a high level of institutional ownership at 94.28%.
• Analyst ratings for Dynatrace show a general consensus of "Moderate Buy" with an average target price of $62.72, despite one downgrade from a buy to a hold.

Temasek Holdings Private Ltd grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 398,754 shares of the company's stock after acquiring an additional 6,389 shares during the period. Temasek Holdings Private Ltd owned about 0.13% of Dynatrace worth $18,801,000 at the end of the most recent reporting period.

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

Dynatrace Trading Down 5.8%

Shares of Dynatrace stock traded down $2.95 during mid-day trading on Wednesday, hitting $47.70. 6,194,627 shares of the stock were exchanged, compared to its average volume of 3,078,466. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 4.39 and a beta of 0.91. The company has a 50-day simple moving average of $51.29 and a 200 day simple moving average of $50.80.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the firm posted $0.33 earnings per share. Dynatrace's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction on 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 transaction, the director owned 1,012 shares of the company's stock, valued at $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock valued at $154,429 over the last three months. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on DT. Wedbush reissued an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, May 16th. Citigroup lowered their price objective on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Bank of America lifted their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Finally, Morgan Stanley set a $55.00 target price on Dynatrace in a research note on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average target price of $62.72.

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.