Gulf International Bank UK Ltd Acquires 2,167 Shares of Dynatrace, Inc. (NYSE:DT)

Gulf International Bank UK Ltd lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 10.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,120 shares of the company’s stock after buying an additional 2,167 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Dynatrace were worth $1,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Eminence Capital LP bought a new position in Dynatrace in the 2nd quarter valued at $158,369,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Dynatrace during the first quarter valued at $133,701,000. Assenagon Asset Management S.A. boosted its holdings in Dynatrace by 1,146.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. Vanguard Group Inc. increased its position in Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP raised its holdings in Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Scotiabank lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday. BTIG Research increased their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets raised their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Dynatrace Trading Down 2.7 %

DT stock opened at $52.85 on Friday. The stock has a market cap of $15.74 billion, a PE ratio of 101.64, a price-to-earnings-growth ratio of 8.02 and a beta of 1.06. The stock has a 50-day moving average price of $52.90 and a two-hundred day moving average price of $48.38. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same quarter last year, the firm earned $0.16 EPS. Dynatrace’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

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.