UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Holdings in Dynatrace, Inc. $DT

Key Points

• UBS Asset Management significantly increased its stake in Dynatrace, Inc. by 79.4%, totaling approximately $329.48 million and owning about 2.33% of the company.
• Dynatrace reported better-than-expected Q2 earnings with an EPS of $0.42 on revenue of $477.35 million, reflecting a 19.5% year-over-year revenue growth.
• Institutional investors and hedge funds own 94.28% of Dynatrace's stock, indicating strong interest from major financial players.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 79.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,987,838 shares of the company's stock after acquiring an additional 3,092,576 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 2.33% of Dynatrace worth $329,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. CX Institutional purchased a new position in shares of Dynatrace during the 1st quarter valued at approximately $40,000. Brooklyn Investment Group increased its holdings in Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after buying 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 about $45,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of Dynatrace by 344.0% during the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock valued at $52,000 after acquiring an additional 860 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Dynatrace stock traded down $0.41 during trading on Tuesday, reaching $48.21. 961,392 shares of the company were exchanged, compared to its average volume of 3,070,367. The stock's 50 day simple moving average is $50.69 and its two-hundred day simple moving average is $50.48. The company has a market capitalization of $14.53 billion, a P/E ratio of 29.55, a PEG ratio of 4.31 and a beta of 0.91. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $467.39 million. During the same period in the prior year, the business earned $0.33 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Citigroup cut their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. BMO Capital Markets cut their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Finally, Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Insider Buying and Selling

In related 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 transaction of $50,417.01. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the 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 transaction, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock valued at $154,429 in the last 90 days. Insiders own 0.57% of the company's stock.

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.