American Century Companies Inc. Buys 782,588 Shares of Dynatrace, Inc. (NYSE:DT)

American Century Companies Inc. lifted its stake in Dynatrace, Inc. (NYSE:DT) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,701,539 shares of the company’s stock after buying an additional 782,588 shares during the period. American Century Companies Inc. owned about 2.25% of Dynatrace worth $299,827,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DT. Geneos Wealth Management Inc. lifted its stake in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the period. Versant Capital Management Inc lifted its stake in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares during the period. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the second quarter worth about $26,000. DSM Capital Partners LLC bought a new position in Dynatrace during the fourth quarter worth about $28,000. Finally, Rise Advisors LLC bought a new position in Dynatrace during the first quarter worth about $30,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 0.0 %

Shares of NYSE DT opened at $50.67 on Thursday. The company’s fifty day moving average is $46.61 and its 200-day moving average is $46.41. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 97.44, a P/E/G ratio of 7.55 and a beta of 1.05. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating 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 net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, research analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on DT shares. Wells Fargo & Company dropped their price objective 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. Royal Bank of Canada dropped their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Truist Financial reaffirmed a “buy” rating and set a $60.00 price objective (down previously from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Bank of America dropped their price objective 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. Finally, BMO Capital Markets raised their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. 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 MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

About Dynatrace

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.