Sumitomo Mitsui DS Asset Management Company Ltd Has $1.20 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 33.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,896 shares of the company’s stock after buying an additional 5,503 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dynatrace were worth $1,197,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ardsley Advisory Partners LP acquired a new position in shares of Dynatrace during the 3rd quarter worth about $1,881,000. Raymond James & Associates increased its stake in Dynatrace by 10.8% during the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after purchasing an additional 22,903 shares in the last quarter. United Asset Strategies Inc. bought a new stake in Dynatrace during the 4th quarter worth approximately $1,556,000. Ameriprise Financial Inc. increased its stake in Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after purchasing an additional 375,463 shares in the last quarter. Finally, Bamco Inc. NY increased its stake in Dynatrace by 24.1% during the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after purchasing an additional 134,792 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.3 %

NYSE DT opened at $46.61 on Friday. The company has a market cap of $13.72 billion, a PE ratio of 70.62, a PEG ratio of 3.97 and a beta of 1.07. Dynatrace, Inc. has a 12 month low of $40.57 and a 12 month high of $61.41. The stock has a 50 day moving average of $47.07 and a 200-day moving average of $50.81.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. As a group, sell-side analysts predict that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DT. Morgan Stanley began coverage on Dynatrace in a research note on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price for the company. Jefferies Financial Group raised Dynatrace from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Citigroup increased their target price on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. TD Cowen lowered their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, JMP Securities upped their price target on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.08.

Insider Activity at Dynatrace

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

Dynatrace Company 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.