NewSquare Capital LLC Buys New Stake in Dynatrace, Inc. (NYSE:DT)

NewSquare Capital LLC bought a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 580 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. lifted its position in Dynatrace by 11,824.1% in the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after buying an additional 2,391,545 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dynatrace by 8.8% during the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after purchasing an additional 1,940,604 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Dynatrace by 104.7% during the fourth quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after purchasing an additional 956,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Dynatrace during the fourth quarter worth $45,152,000. Finally, Jennison Associates LLC lifted its position in shares of Dynatrace by 3,184.4% during the fourth quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock worth $39,632,000 after purchasing an additional 702,603 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Up 1.0 %

Shares of NYSE DT opened at $46.73 on Thursday. The business’s 50 day moving average price is $47.18 and its 200 day moving average price is $50.84. The firm has a market cap of $13.76 billion, a P/E ratio of 70.80, a P/E/G ratio of 3.97 and a beta of 1.07. Dynatrace, Inc. has a 52 week low of $40.43 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last issued its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. As a group, research analysts expect that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wolfe Research assumed coverage on Dynatrace in a research report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, April 1st. Capital One Financial started coverage on Dynatrace in a report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price objective for the company. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price objective on shares of Dynatrace in a report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.08.

Insider Activity at Dynatrace

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the transaction, the insider now directly owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Dan Zugelder sold 6,595 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the transaction, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the transaction, the insider now directly owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock worth $750,893,396 over the last quarter. Insiders own 0.54% of the company’s stock.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.