UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stake 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 Dynatrace, Inc. (NYSE:DT - Free Report) by 79.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,987,838 shares of the company's stock after acquiring an additional 3,092,576 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 2.33% of Dynatrace worth $329,477,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DT. Ameriprise Financial Inc. grew its position in shares of Dynatrace by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock valued at $128,638,000 after purchasing an additional 1,621,136 shares during the period. Nuveen LLC acquired a new stake in Dynatrace in the 1st quarter worth about $53,036,000. Goldman Sachs Group Inc. increased its stake in Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after buying an additional 1,124,207 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Dynatrace by 587.0% during the first quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock valued at $47,139,000 after acquiring an additional 854,250 shares during the last quarter. Finally, Eminence Capital LP lifted its position in shares of Dynatrace by 25.6% in the first quarter. Eminence Capital LP now owns 3,351,603 shares of the company's stock valued at $158,028,000 after acquiring an additional 683,443 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction that occurred on 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. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,099 shares of company stock worth $154,429. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

DT has been the subject of several research reports. Wedbush reiterated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Oppenheimer started coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price objective for the company. KeyCorp assumed coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Finally, Citigroup dropped their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. One 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Trading Up 0.1%

DT stock traded up $0.04 during midday trading on Friday, hitting $49.12. 2,436,177 shares of the company's stock were exchanged, compared to its average volume of 3,165,837. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a market capitalization of $14.81 billion, a PE ratio of 30.14, a P/E/G ratio of 4.32 and a beta of 0.91. The business has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $50.64.

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

Dynatrace Company Profile

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.