Cordatus Wealth Management LLC Makes New $217,000 Investment in Dynatrace, Inc. (NYSE:DT)

Cordatus Wealth Management LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,050 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eminence Capital LP bought a new position in Dynatrace in the 2nd quarter worth $158,369,000. Jericho Capital Asset Management L.P. purchased a new stake in Dynatrace in the first quarter worth about $133,701,000. Assenagon Asset Management S.A. raised its stake 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 worth $98,792,000 after buying an additional 2,030,915 shares during the period. Vanguard Group Inc. lifted its position in shares of Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after acquiring an additional 1,029,387 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DT. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. Scotiabank upped their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Finally, Guggenheim boosted their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $60.46.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred 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 owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 over the last three months. 0.54% of the stock is owned by insiders.

Dynatrace Price Performance

Shares of NYSE DT traded down $0.62 during mid-day trading on Thursday, hitting $54.44. 377,947 shares of the company’s stock traded hands, compared to its average volume of 3,312,435. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company’s 50-day moving average is $52.30 and its two-hundred day moving average is $47.95. The company has a market capitalization of $16.22 billion, a P/E ratio of 105.88, a PEG ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last issued its quarterly earnings data 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 business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. Equities analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Dynatrace Company 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.