Bridgewater Associates LP Acquires New Position in Dynatrace, Inc. (NYSE:DT)

Bridgewater Associates LP acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 60,989 shares of the company’s stock, valued at approximately $3,563,000.

Other large investors have also made changes to their positions in the company. Sarasin & Partners LLP grew its position in Dynatrace by 15.6% in the 2nd quarter. Sarasin & Partners LLP now owns 99,953 shares of the company’s stock worth $5,839,000 after purchasing an additional 13,479 shares during the last quarter. Geode Capital Management LLC grew its position in Dynatrace by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 2,150,004 shares of the company’s stock worth $103,577,000 after purchasing an additional 61,504 shares during the last quarter. APG Asset Management N.V. grew its position in Dynatrace by 22.4% in the 1st quarter. APG Asset Management N.V. now owns 315,361 shares of the company’s stock worth $12,944,000 after purchasing an additional 57,634 shares during the last quarter. Sturgeon Ventures LLP grew its position in Dynatrace by 6.5% in the 2nd quarter. Sturgeon Ventures LLP now owns 107,574 shares of the company’s stock worth $6,284,000 after purchasing an additional 6,571 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Dynatrace by 11.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,497 shares of the company’s stock worth $263,000 after acquiring an additional 472 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on DT shares. Truist Securities upped their price target on shares of Dynatrace from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. BMO Capital Markets upped their price target on shares of Dynatrace from $56.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 9th. Canaccord Genuity upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Robert W. Baird upped their price target on shares of Dynatrace from $57.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 21st. Finally, William Blair reaffirmed a “buy” rating on shares of Dynatrace in a research note on Wednesday, September 15th. Three investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace has an average rating of “Buy” and an average price target of $65.19.

In other Dynatrace news, CFO Kevin C. Burns sold 37,498 shares of the stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $61.55, for a total value of $2,308,001.90. Following the completion of the sale, the chief financial officer now directly owns 100,034 shares of the company’s stock, valued at approximately $6,157,092.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Siclen John Van sold 55,000 shares of the stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of $71.05, for a total transaction of $3,907,750.00. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

Shares of DT opened at $75.96 on Thursday. The company’s fifty day moving average is $68.72 and its 200-day moving average is $59.50. Dynatrace, Inc. has a 12 month low of $33.83 and a 12 month high of $76.28. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 292.17, a price-to-earnings-growth ratio of 22.07 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.31.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, July 28th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.07. The company had revenue of $209.74 million for the quarter, compared to analyst estimates of $202.83 million. Dynatrace had a net margin of 10.05% and a return on equity of 12.28%. As a group, research analysts predict that Dynatrace, Inc. will post 0.43 earnings per share for the current fiscal year.

Dynatrace Company Profile

Dynatrace, Inc offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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