MJP Associates Inc. ADV Acquires 827 Shares of Dynatrace, Inc. (NYSE:DT)

MJP Associates Inc. ADV lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,731 shares of the company’s stock after buying an additional 827 shares during the quarter. MJP Associates Inc. ADV’s holdings in Dynatrace were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares during the period. Avior Wealth Management LLC increased its position in shares of Dynatrace by 3.0% in the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after buying an additional 234 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after buying an additional 240 shares during the period. Shell Asset Management Co. lifted its holdings in Dynatrace by 1.7% during the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock worth $748,000 after acquiring an additional 263 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Dynatrace by 3.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company’s stock worth $420,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group upgraded 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 report on Friday, January 5th. Wolfe Research began coverage on shares of Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price for the company. Morgan Stanley started coverage on shares of Dynatrace in a research note on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price target on the stock. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Rosenblatt Securities increased their price target on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.25.

Dynatrace Stock Up 1.1 %

Shares of NYSE:DT traded up $0.50 during midday trading on Thursday, hitting $46.44. The stock had a trading volume of 2,934,691 shares, compared to its average volume of 3,619,209. The company has a market capitalization of $13.67 billion, a P/E ratio of 70.17, a price-to-earnings-growth ratio of 4.68 and a beta of 1.08. The company’s 50-day moving average price is $51.75 and its 200-day moving average price is $50.96. Dynatrace, Inc. has a fifty-two week low of $39.37 and a fifty-two week high of $61.41.

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

Insider Buying and Selling at Dynatrace

In other news, SVP Dan Zugelder sold 6,596 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total transaction of $371,025.00. Following the sale, the senior vice president now directly owns 96,020 shares in the company, valued at $5,401,125. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Dan Zugelder sold 6,596 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total value of $371,025.00. Following the sale, the senior vice president now owns 96,020 shares of the company’s stock, valued at $5,401,125. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s 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 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 14,285,187 shares of company stock worth $751,264,421 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

About Dynatrace

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.