River Global Investors LLP Acquires Shares of 5,844 Dynatrace, Inc. (NYSE:DT)

River Global Investors LLP purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,844 shares of the company’s stock, valued at approximately $320,000.

Several other hedge funds have also added to or reduced their stakes in DT. Ardsley Advisory Partners LP purchased a new stake in Dynatrace in the 3rd quarter worth about $1,881,000. Raymond James & Associates raised its holdings in Dynatrace by 10.8% during the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock valued at $12,864,000 after acquiring an additional 22,903 shares during the period. United Asset Strategies Inc. purchased a new position in shares of Dynatrace in the fourth quarter valued at $1,556,000. Ameriprise Financial Inc. raised its stake in shares of Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock valued at $188,717,000 after purchasing an additional 375,463 shares during the period. Finally, Bamco Inc. NY increased its holdings 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 acquiring an additional 134,792 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 2.5 %

Shares of NYSE:DT traded up $1.13 during midday trading on Monday, hitting $46.92. 1,068,055 shares of the stock traded hands, compared to its average volume of 3,520,880. Dynatrace, Inc. has a one year low of $43.29 and a one year high of $61.41. The business’s 50 day moving average is $46.56 and its two-hundred day moving average is $50.76. The stock has a market capitalization of $13.81 billion, a PE ratio of 69.38, a P/E/G ratio of 3.95 and a beta of 1.06.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating 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 company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. As a group, sell-side analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

DT has been the topic of several research analyst reports. Capital One Financial started coverage on shares of Dynatrace in a report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price target on the stock. Scotiabank lifted their price target on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Monday, February 5th. Wolfe Research started coverage on shares of Dynatrace in a research report on Monday, March 18th. They issued an “outperform” rating and a $60.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Dynatrace in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.08.

Insider Activity

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction dated 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 sale, the insider now directly owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at approximately $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 90 days. 0.54% of the stock is currently owned by insiders.

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.