NewSquare Capital LLC Acquires Shares of 580 Dynatrace, Inc. (NYSE:DT)

NewSquare Capital LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 580 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the period. Avior Wealth Management LLC raised its holdings in Dynatrace by 3.0% in the third quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock worth $376,000 after purchasing an additional 234 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Dynatrace by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after purchasing an additional 240 shares during the period. Shell Asset Management Co. raised its holdings in Dynatrace by 1.7% in the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock worth $748,000 after purchasing an additional 263 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings 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 acquiring an additional 265 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, 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 SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Trading Up 1.0 %

Shares of NYSE:DT opened at $46.73 on Thursday. The firm has a 50 day moving average of $47.18 and a 200-day moving average of $50.84. The stock has a market capitalization of $13.76 billion, a PE ratio of 70.80, a PEG ratio of 3.97 and a beta of 1.07. Dynatrace, Inc. has a 12 month low of $40.43 and a 12 month high of $61.41.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JMP Securities raised their price objective on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Dynatrace in a report on Friday, February 9th. Truist Financial raised their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Morgan Stanley started coverage on shares of Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price objective on the stock. Finally, Wolfe Research started coverage on shares of Dynatrace in a research note on Monday, March 18th. They issued an “outperform” rating and a $60.00 price target on the stock. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.08.

Dynatrace 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.