29,800 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Versor Investments LP

Versor Investments LP purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,800 shares of the company’s stock, valued at approximately $1,333,000.

Other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in shares of Dynatrace by 39.2% during the 2nd quarter. CIBC Asset Management Inc now owns 9,930 shares of the company’s stock worth $444,000 after buying an additional 2,796 shares during the period. Flaharty Asset Management LLC acquired a new stake in Dynatrace in the 2nd quarter worth about $224,000. Natixis Advisors LLC increased its stake in Dynatrace by 60.0% during the 2nd quarter. Natixis Advisors LLC now owns 179,445 shares of the company’s stock worth $8,028,000 after buying an additional 67,280 shares in the last quarter. GraniteShares Advisors LLC raised its holdings in shares of Dynatrace by 29.8% during the second quarter. GraniteShares Advisors LLC now owns 11,495 shares of the company’s stock valued at $514,000 after acquiring an additional 2,639 shares during the last quarter. Finally, Davidson Investment Advisors boosted its stake in shares of Dynatrace by 75.4% in the second quarter. Davidson Investment Advisors now owns 369,275 shares of the company’s stock worth $16,521,000 after acquiring an additional 158,780 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Performance

NYSE:DT traded up $0.32 during mid-day trading on Monday, hitting $50.62. 3,799,200 shares of the company’s stock traded hands, compared to its average volume of 3,508,238. The firm’s 50 day simple moving average is $45.69 and its 200 day simple moving average is $46.40. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a market cap of $15.08 billion, a PE ratio of 97.35, a price-to-earnings-growth ratio of 7.62 and a beta of 1.04.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. On average, research analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DT. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Bank of America cut their target price on Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Scotiabank boosted their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Wells Fargo & Company reduced their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their target price on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.70.

Insiders Place Their Bets

In other news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 transaction, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock worth $3,883,271 over the last three months. 0.54% of the stock is owned by insiders.

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.