Wellington Management Group LLP Buys 142,021 Shares of Dynatrace, Inc. $DT

Key Points

• Wellington Management Group LLP increased its stake in Dynatrace, Inc. by 22.1%, now holding approximately $36.96 million worth of stock.
• Dynatrace's recent earnings report showed an earnings per share (EPS) of $0.42, surpassing analyst expectations, and revenue increased by 19.5% year-over-year.
• Analysts have mixed views on Dynatrace, with a consensus rating of "Moderate Buy" and an average price target of $62.63.

Wellington Management Group LLP lifted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 22.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 783,942 shares of the company's stock after purchasing an additional 142,021 shares during the period. Wellington Management Group LLP owned approximately 0.26% of Dynatrace worth $36,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH grew its stake in Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after buying an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after buying an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dynatrace during the 1st quarter worth about $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Dynatrace during the 1st quarter worth about $3,846,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America upped their price target on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Guggenheim upped their price target on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wedbush reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Finally, BMO Capital Markets cut their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. 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.com, Dynatrace has an average rating of "Moderate Buy" and an average target price of $62.72.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction 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 $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

Dynatrace Trading Up 1.5%

NYSE DT traded up $0.76 during trading hours on Thursday, reaching $50.88. 3,344,957 shares of the company's stock were exchanged, compared to its average volume of 3,051,008. The stock has a market cap of $15.34 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a fifty day moving average of $52.12 and a 200-day moving average of $51.56.

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