5,643 Shares in Dynatrace, Inc. (NYSE:DT) Bought by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,643 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds have also recently modified their holdings of the business. 1492 Capital Management LLC increased its position in Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after buying an additional 224 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Dynatrace by 3.8% during the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after acquiring an additional 226 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Dynatrace by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock worth $1,602,000 after purchasing an additional 260 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Dynatrace by 6.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock valued at $255,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of several analyst reports. Loop Capital dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Scotiabank increased their target price on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Bank of America reduced their target price on Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Piper Sandler assumed coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.70.

Dynatrace Trading Down 0.0 %

Shares of NYSE:DT opened at $50.67 on Thursday. The stock has a 50 day moving average of $46.61 and a 200 day moving average of $46.41. The company has a market cap of $15.11 billion, a PE ratio of 97.44, a price-to-earnings-growth ratio of 7.55 and a beta of 1.05. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. During the same period in the prior year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

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.