Dynatrace, Inc. $DT Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd significantly increased its stake in Dynatrace, Inc. by 2,125.6%, acquiring an additional 138,164 shares during the first quarter, bringing its total holdings to 144,664 shares valued at approximately $6.82 million.
• Several institutional investors, including CX Institutional and Brooklyn Investment Group, have also increased their positions in Dynatrace, demonstrating strong institutional interest in the company.
• Analysts have a generally positive outlook on Dynatrace, with the stock receiving multiple buy ratings and a consensus target price of $62.72.

UniSuper Management Pty Ltd lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 2,125.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,664 shares of the company's stock after buying an additional 138,164 shares during the period. UniSuper Management Pty Ltd's holdings in Dynatrace were worth $6,821,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DT. Ameriprise Financial Inc. grew its position in shares of Dynatrace by 146.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock valued at $128,638,000 after buying an additional 1,621,136 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after buying an additional 1,350,794 shares during the last quarter. Nuveen LLC purchased a new position in shares of Dynatrace in the 1st quarter valued at $53,036,000. Goldman Sachs Group Inc. boosted 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 purchasing an additional 1,124,207 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Dynatrace by 587.0% during the 1st quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock worth $47,139,000 after purchasing an additional 854,250 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Dynatrace stock traded up $0.04 during trading hours on Friday, reaching $49.12. 2,436,177 shares of the stock were exchanged, compared to its average volume of 3,165,837. The stock has a market cap of $14.81 billion, a P/E ratio of 30.14, a P/E/G ratio of 4.32 and a beta of 0.91. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm's 50 day moving average is $50.85 and its 200 day moving average is $50.58.

Dynatrace (NYSE:DT - Get Free Report) last announced 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. The company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity

In related news, Director Lisa M. Campbell sold 1,013 shares of the firm'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 in the company, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel S. Yates sold 2,000 shares of the firm'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 owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,099 shares of company stock valued at $154,429 in the last quarter. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

DT has been the subject of a number of recent research reports. Citigroup decreased their price target 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. Royal Bank Of Canada increased their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Guggenheim increased their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wedbush reiterated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, May 16th. Finally, BMO Capital Markets decreased their price target 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.72.

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.