XTX Topco Ltd Raises Position in Dynatrace, Inc. (NYSE:DT)

Key Points

• XTX Topco Ltd significantly increased its stake in Dynatrace, Inc. by 1,563.7%, accumulating 98,721 shares valued at $4.66 million.
• Dynatrace's recent earnings report showed revenue of $445.17 million, beating analyst estimates, with an earnings per share of $0.33.
• Analyst ratings for Dynatrace include a mix of 16 buy ratings, 7 hold ratings, and 1 strong buy rating, with a consensus price target of $62.35.

XTX Topco Ltd increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 1,563.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,721 shares of the company's stock after purchasing an additional 92,787 shares during the quarter. XTX Topco Ltd's holdings in Dynatrace were worth $4,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DT. Coppell Advisory Solutions LLC raised its position in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the period. CX Institutional purchased a new stake in Dynatrace in the 1st quarter worth approximately $40,000. Opal Wealth Advisors LLC purchased a new stake in Dynatrace in the 1st quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB lifted its stake in Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DT. UBS Group increased their target price on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. DA Davidson raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Finally, KeyCorp began coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.35.

Dynatrace Stock Down 4.0%

Shares of NYSE:DT traded down $2.12 on Friday, hitting $50.49. The company had a trading volume of 2,527,105 shares, compared to its average volume of 2,949,205. The firm's 50-day simple moving average is $54.24 and its two-hundred day simple moving average is $52.50. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 4.71 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. During the same period last year, the company posted $0.30 EPS. Dynatrace's revenue was up 16.9% on a year-over-year basis. Equities research analysts anticipate 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.