Van Berkom & Associates Inc. Has $1.02 Million Stake in Dynatrace, Inc. (NYSE:DT)

Key Points

• Van Berkom & Associates Inc. has reduced its holdings in Dynatrace, Inc. by 22.3%, now owning 21,535 shares valued at $1,015,000, following the sale of 6,191 shares.
• Diverse institutional investors have increased their stakes, with Pacer Advisors Inc. boosting its holdings by 75% to 249,783 shares.
• Dynatrace's stock opened at $54.18, has a market capitalization of $16.35 billion, and analysts maintain a consensus rating of "Moderate Buy" with a target price average of $62.35.

Van Berkom & Associates Inc. lowered its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 22.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,535 shares of the company's stock after selling 6,191 shares during the period. Van Berkom & Associates Inc.'s holdings in Dynatrace were worth $1,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dragoneer Investment Group LLC acquired a new position in shares of Dynatrace in the 4th quarter worth approximately $242,380,000. Alyeska Investment Group L.P. acquired a new position in Dynatrace during the 4th quarter worth $204,000,000. Norges Bank acquired a new position in Dynatrace during the 4th quarter worth $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Dynatrace by 53.1% during 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 worth $211,707,000 after buying an additional 1,350,794 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Dynatrace during the 4th quarter worth $51,731,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company's stock.

Dynatrace Price Performance

NYSE DT traded down $0.47 during trading on Wednesday, reaching $54.15. 762,767 shares of the company's stock were exchanged, compared to its average volume of 2,941,454. The business has a 50 day moving average price of $54.27 and a 200-day moving average price of $52.47. The stock has a market capitalization of $16.34 billion, a P/E ratio of 33.81, a PEG ratio of 4.78 and a beta of 0.91. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

DT has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group increased their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. BMO Capital Markets lifted their target price on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.35.

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.