Vanguard Group Inc. Acquires 186,456 Shares of Dynatrace, Inc. (NYSE:DT)

Vanguard Group Inc. boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,156,231 shares of the company’s stock after acquiring an additional 186,456 shares during the quarter. Vanguard Group Inc. owned 6.39% of Dynatrace worth $1,060,688,000 at the end of the most recent quarter.

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

Shares of Dynatrace stock opened at $75.96 on Thursday. The company has a market capitalization of $21.59 billion, a P/E ratio of 292.17, a P/E/G ratio of 22.07 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $68.72 and a 200 day moving average of $59.50. Dynatrace, Inc. has a fifty-two week low of $33.83 and a fifty-two week high of $76.28.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.07. The company had revenue of $209.74 million during the quarter, compared to the consensus estimate of $202.83 million. Dynatrace had a net margin of 10.05% and a return on equity of 12.28%. Analysts forecast that Dynatrace, Inc. will post 0.43 EPS for the current year.

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

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Dynatrace from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Truist boosted their target price on shares of Dynatrace from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of Dynatrace in a research note on Wednesday, September 15th. Truist Securities boosted their target price on shares of Dynatrace from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Finally, William Blair restated a “buy” rating on shares of Dynatrace in a research note on Wednesday, September 15th. Three equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $65.19.

About Dynatrace

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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