Dynatrace, Inc. (NYSE:DT) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. increased its position in Dynatrace, Inc. (NYSE:DT) by 49.2% during the fourth quarter, Holdings Channel reports. The fund owned 8,937 shares of the company’s stock after purchasing an additional 2,949 shares during the quarter. Shell Asset Management Co.’s holdings in Dynatrace were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the period. Captrust Financial Advisors increased its holdings in shares of Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after acquiring an additional 177 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after acquiring an additional 216 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after acquiring an additional 222 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DT. Loop Capital dropped their price objective on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. DA Davidson raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Dynatrace from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Dynatrace from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $61.22.

Dynatrace Price Performance

Shares of DT opened at $53.35 on Monday. The firm’s 50 day moving average is $46.98 and its 200-day moving average is $52.60. The stock has a market capitalization of $15.97 billion, a P/E ratio of 33.34, a P/E/G ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analysts’ expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $30,631,224. This trade represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.59% of the company’s stock.

About Dynatrace

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.