Dynatrace, Inc. $DT Shares Bought by Walter Public Investments Inc.

Key Points

• Walter Public Investments Inc. increased its stake in Dynatrace, Inc. by 12.4% during the second quarter, owning 323,956 shares valued at approximately $17.9 million.
• The stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $62.72, following various rating updates by leading investment firms.
• Despite the increase in holdings by institutional investors, several company insiders have sold shares, with recent transactions reflecting reductions in their ownership percentages.

Walter Public Investments Inc. grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 323,956 shares of the company's stock after acquiring an additional 35,625 shares during the period. Dynatrace comprises 3.0% of Walter Public Investments Inc.'s investment portfolio, making the stock its 17th biggest holding. Walter Public Investments Inc. owned approximately 0.11% of Dynatrace worth $17,886,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Dynatrace by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after acquiring an additional 157,523 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after purchasing an additional 1,124,207 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 3.1% in the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock valued at $367,833,000 after purchasing an additional 230,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Dynatrace by 79.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock valued at $329,477,000 after purchasing an additional 3,092,576 shares in the last quarter. Finally, Eminence Capital LP grew its holdings 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 purchasing an additional 683,443 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction 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 sale, the director owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction 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 sale, the chief accounting officer owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,099 shares of company stock valued at $154,429. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Guggenheim lifted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Citigroup dropped their price objective 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. Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Finally, KeyCorp assumed coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Stock Down 1.5%

NYSE:DT traded down $0.74 during trading hours on Tuesday, reaching $47.86. 917,746 shares of the company's stock were exchanged, compared to its average volume of 3,095,117. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 4.25 and a beta of 0.91. The company has a 50-day moving average of $50.14 and a 200 day moving average of $50.26. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued 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 firm had revenue of $477.35 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.