Riverview Trust Co Raises Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Riverview Trust Co raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 70.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 621 shares of the company’s stock after buying an additional 257 shares during the period. Riverview Trust Co’s holdings in Dynatrace were worth $33,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Eminence Capital LP acquired a new stake in Dynatrace in the 2nd quarter valued at $158,369,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Dynatrace in the first quarter valued at approximately $133,701,000. Assenagon Asset Management S.A. lifted its position in shares of Dynatrace by 1,146.0% in 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. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after acquiring an additional 1,680,971 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Dynatrace by 285.7% during the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 1.6 %

Shares of Dynatrace stock opened at $54.86 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The business’s fifty day moving average is $51.45 and its two-hundred day moving average is $47.51. The firm has a market cap of $16.36 billion, a PE ratio of 105.50, a P/E/G ratio of 7.93 and a beta of 1.06.

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

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of a number of analyst reports. Wedbush assumed coverage on shares of Dynatrace in a research note on Thursday. They set an “outperform” rating and a $67.00 target price on the stock. Piper Sandler initiated coverage on Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. Scotiabank boosted their target price on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $64.00 in a report on Monday, October 7th. Finally, Guggenheim lifted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.57.

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.