Oak Thistle LLC Has $1.09 Million Position in Dynatrace, Inc. (NYSE:DT)

Oak Thistle LLC increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 100.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,404 shares of the company’s stock after buying an additional 12,228 shares during the period. Dynatrace accounts for about 0.8% of Oak Thistle LLC’s portfolio, making the stock its 4th largest holding. Oak Thistle LLC’s holdings in Dynatrace were worth $1,092,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. 1492 Capital Management LLC boosted its holdings in Dynatrace by 1.0% in the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after purchasing an additional 224 shares during the period. Bessemer Group Inc. boosted its holdings in Dynatrace by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after purchasing an additional 226 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the period. State of Alaska Department of Revenue boosted its holdings in Dynatrace by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after purchasing an additional 260 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock valued at $255,000 after purchasing an additional 270 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 1.8 %

Shares of NYSE DT traded up $0.91 during trading on Friday, reaching $50.18. The company had a trading volume of 4,203,141 shares, compared to its average volume of 3,479,990. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a market cap of $14.96 billion, a P/E ratio of 96.50, a PEG ratio of 7.62 and a beta of 1.05. The company’s fifty day moving average price is $46.27 and its 200-day moving average price is $46.38.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period in the prior year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on DT. Truist Financial reissued a “buy” rating and issued a $60.00 price objective (down previously from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Robert W. Baird cut their price objective on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Bank of America cut their price target on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Wells Fargo & Company cut their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Guggenheim cut their price target on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $59.70.

Insider Activity

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 sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.