5,301 Shares in Dynatrace, Inc. $DT Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,301 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Dynatrace by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,246 shares of the company’s stock worth $200,000 after purchasing an additional 609 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Dynatrace by 183.8% during the 1st quarter. SG Americas Securities LLC now owns 6,504 shares of the company’s stock worth $307,000 after acquiring an additional 4,212 shares during the period. State of Alaska Department of Revenue boosted its holdings in Dynatrace by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 43,564 shares of the company’s stock valued at $2,053,000 after purchasing an additional 1,030 shares in the last quarter. Blue Trust Inc. grew its position in Dynatrace by 9.6% in the first quarter. Blue Trust Inc. now owns 7,609 shares of the company’s stock valued at $359,000 after acquiring an additional 669 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Dynatrace by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 364,344 shares of the company’s stock valued at $17,179,000 after purchasing an additional 1,413 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the transaction, the director owned 1,012 shares in the company, valued at approximately $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,602 shares of company stock worth $529,579. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a research report on Wednesday, October 8th. Oppenheimer initiated coverage on shares of Dynatrace in a report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Royal Bank Of Canada increased their price objective on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Guggenheim boosted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.96.

Dynatrace Stock Up 1.7%

Shares of DT stock opened at $48.19 on Friday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a fifty day moving average of $48.78 and a 200-day moving average of $50.16. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 4.25 and a beta of 0.88.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter in the previous year, the business posted $0.33 EPS. Dynatrace’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.