Point72 Hong Kong Ltd Purchases 40,739 Shares of Dynatrace, Inc. (NYSE:DT)

Point72 Hong Kong Ltd grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 840.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,588 shares of the company's stock after buying an additional 40,739 shares during the quarter. Point72 Hong Kong Ltd's holdings in Dynatrace were worth $2,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after acquiring an additional 484,877 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after purchasing an additional 493,987 shares during the period. American Century Companies Inc. lifted its holdings in Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after buying an additional 700,332 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after buying an additional 834,225 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Dynatrace by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after acquiring an additional 87,857 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Trading Down 0.1%

DT traded down $0.03 during trading on Tuesday, hitting $53.23. 1,918,545 shares of the company's stock traded hands, compared to its average volume of 3,131,222. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 7.05 and a beta of 0.95. The company's 50 day simple moving average is $47.06 and its two-hundred day simple moving average is $52.59. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Royal Bank of Canada upped their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Loop Capital lowered their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Bank of America upped their price target on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.43.

Dynatrace 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.