Diversify Advisory Services LLC Purchases 2,899 Shares of Dynatrace, Inc. (NYSE:DT)

Diversify Advisory Services LLC raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,897 shares of the company’s stock after buying an additional 2,899 shares during the period. Diversify Advisory Services LLC’s holdings in Dynatrace were worth $1,762,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. US Bancorp DE lifted its holdings in Dynatrace by 89.7% in the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after buying an additional 22,928 shares during the period. Norden Group LLC bought a new stake in shares of Dynatrace in the 1st quarter worth approximately $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after buying an additional 157,739 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after acquiring an additional 2,030,915 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 over the last quarter. Company insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

DT stock opened at $55.08 on Wednesday. The stock has a market capitalization of $16.41 billion, a P/E ratio of 105.92, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The business has a fifty day moving average price of $52.21 and a 200-day moving average price of $47.90.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Guggenheim lifted their price target on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Scotiabank lifted their price objective on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Finally, Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.