22,532 Dynatrace, Inc. $DT Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 7,561.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,830 shares of the company’s stock after buying an additional 22,532 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Dynatrace were worth $1,313,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DT. Pictet Asset Management Holding SA boosted its position in Dynatrace by 12.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 14,293,302 shares of the company’s stock worth $825,243,000 after buying an additional 1,531,104 shares during the period. Wellington Management Group LLP increased its position in Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after acquiring an additional 2,191,497 shares during the period. Bank of America Corp DE increased its position in Dynatrace by 304.7% in the 1st quarter. Bank of America Corp DE now owns 9,357,612 shares of the company’s stock valued at $346,044,000 after acquiring an additional 7,045,591 shares during the period. First Trust Advisors LP raised its stake in shares of Dynatrace by 706.8% during the first quarter. First Trust Advisors LP now owns 6,801,507 shares of the company’s stock valued at $251,520,000 after acquiring an additional 5,958,505 shares during the last quarter. Finally, Amundi raised its stake in shares of Dynatrace by 461.5% during the first quarter. Amundi now owns 6,238,938 shares of the company’s stock valued at $230,716,000 after acquiring an additional 5,127,910 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the completion of the sale, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DT has been the topic of several analyst reports. KeyCorp boosted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. BNP Paribas Exane raised Dynatrace from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Thursday, October 8th. Cantor Fitzgerald upped their target price on Dynatrace from $47.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Oppenheimer raised their price target on shares of Dynatrace from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Finally, Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Tuesday, August 25th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Dynatrace Price Performance

Dynatrace stock opened at $44.31 on Thursday. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 82.06, a PEG ratio of 3.03 and a beta of 0.76. Dynatrace, Inc. has a 52-week low of $31.64 and a 52-week high of $66.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.09 and a current ratio of 2.09. The stock’s 50 day moving average price is $56.66 and its two-hundred day moving average price is $44.75.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. Dynatrace had a net margin of 7.42% and a return on equity of 12.73%. The company had revenue of $579.92 million during the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the previous year, the business posted $0.44 EPS. Dynatrace’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Dynatrace, Inc. will post 1.08 earnings per share for the current year.

Dynatrace declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 3rd that authorizes the company to buy back $1 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.3% of its shares through open market purchases. Stock buyback plans are often a sign that the company’s board believes its stock is undervalued.

Dynatrace Profile

Dynatrace, Inc. provides a software intelligence platform for monitoring and managing complex digital environments. Its platform helps organizations observe applications, infrastructure, cloud services and user experiences, and analyze performance and operational data. The company’s offerings include application and infrastructure monitoring, log management, digital experience monitoring, application security and business analytics. Dynatrace also incorporates artificial intelligence and automation to help identify the causes of problems and support responses to them.