Dynatrace, Inc. (NYSE:DT) Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 566,655 shares of the company’s stock after purchasing an additional 2,365 shares during the quarter. Artemis Investment Management LLP owned 0.19% of Dynatrace worth $26,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DT. Norges Bank purchased a new stake in shares of Dynatrace during the fourth quarter worth about $148,515,000. American Century Companies Inc. increased its position in shares of Dynatrace by 11,824.1% during the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after acquiring an additional 2,391,545 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dynatrace by 9.8% during the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock worth $1,436,393,000 after acquiring an additional 2,348,246 shares during the last quarter. Congress Asset Management Co. MA increased its position in shares of Dynatrace by 670.2% during the first quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock worth $84,332,000 after acquiring an additional 1,580,162 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Dynatrace by 104.7% during the fourth quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after acquiring an additional 956,000 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Trading Up 1.7 %

NYSE:DT traded up $0.77 during trading hours on Friday, hitting $44.78. 5,684,462 shares of the stock traded hands, compared to its average volume of 3,774,018. The firm has a 50 day moving average price of $46.13 and a 200 day moving average price of $49.75. Dynatrace, Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $61.41. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 84.66, a PEG ratio of 6.61 and a beta of 1.05.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The firm had revenue of $380.85 million for the quarter, compared to analyst estimates of $375.20 million. Research analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $60.00 price objective on shares of Dynatrace in a report on Tuesday. Barclays lowered their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, March 20th. Truist Financial reissued a “buy” rating and issued a $60.00 price objective (down from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Wedbush reissued a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a report on Thursday, May 16th. Finally, Royal Bank of Canada lowered their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.96.

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.