Dynatrace, Inc. (NYSE:DT) Shares Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,099 shares of the company’s stock after purchasing an additional 35,626 shares during the period. Dynatrace accounts for 2.6% of Walter Public Investments Inc.’s portfolio, making the stock its 18th largest position. Walter Public Investments Inc. owned about 0.11% of Dynatrace worth $14,321,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in Dynatrace by 7.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,108,196 shares of the company’s stock worth $49,581,000 after purchasing an additional 77,703 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Dynatrace by 10.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,625 shares of the company’s stock worth $1,191,000 after purchasing an additional 2,435 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Dynatrace by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 32,850 shares of the company’s stock worth $1,503,000 after purchasing an additional 1,443 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in Dynatrace during the second quarter worth approximately $252,000. Finally, Johnson Investment Counsel Inc. increased its position in Dynatrace by 22.0% during the second quarter. Johnson Investment Counsel Inc. now owns 103,332 shares of the company’s stock worth $4,623,000 after purchasing an additional 18,624 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DT. BMO Capital Markets increased their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Loop Capital decreased their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Wells Fargo & Company dropped their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Guggenheim decreased their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, Scotiabank lifted their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $59.70.

Dynatrace Stock Up 0.3 %

Shares of NYSE DT opened at $50.74 on Monday. The stock’s 50 day moving average price is $46.85 and its two-hundred day moving average price is $46.41. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The stock has a market capitalization of $15.13 billion, a P/E ratio of 97.58, a PEG ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share 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 business had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The sale was disclosed in a document filed with the SEC, which is available through this link. Company 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.