Johnson Investment Counsel Inc. Purchases 6,867 Shares of Dynatrace, Inc. $DT

Johnson Investment Counsel Inc. boosted its position in Dynatrace, Inc. (NYSE:DT) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 94,482 shares of the company’s stock after acquiring an additional 6,867 shares during the period. Johnson Investment Counsel Inc.’s holdings in Dynatrace were worth $5,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in Dynatrace in the 2nd quarter valued at about $293,000. DSM Capital Partners LLC increased its position in shares of Dynatrace by 27.6% during the second quarter. DSM Capital Partners LLC now owns 3,291,325 shares of the company’s stock valued at $181,714,000 after buying an additional 711,250 shares during the period. Benson Investment Management Company Inc. increased its position in shares of Dynatrace by 2.8% during the second quarter. Benson Investment Management Company Inc. now owns 71,553 shares of the company’s stock valued at $3,950,000 after buying an additional 1,960 shares during the period. Eastern Bank bought a new stake in shares of Dynatrace during the second quarter valued at about $35,000. Finally, Blue Trust Inc. increased its position in shares of Dynatrace by 6.2% during the second quarter. Blue Trust Inc. now owns 8,077 shares of the company’s stock valued at $446,000 after buying an additional 468 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Oppenheimer assumed coverage on Dynatrace in a research report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target on the stock. Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company started coverage on Dynatrace in a research report on Tuesday, September 30th. They set an “overweight” rating and a $65.00 price target on the stock. Finally, Guggenheim boosted their price objective on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.96.

Insiders Place Their Bets

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,602 shares of company stock valued at $529,579 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Dynatrace Price Performance

Shares of DT opened at $47.93 on Monday. The firm has a market cap of $14.45 billion, a P/E ratio of 29.41, a P/E/G ratio of 4.23 and a beta of 0.88. The stock has a 50 day simple moving average of $48.89 and a two-hundred day simple moving average of $50.18. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.Dynatrace’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

About Dynatrace

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.