Sumitomo Mitsui Trust Group Inc. Grows Stock Position in Dynatrace, Inc. $DT

Sumitomo Mitsui Trust Group Inc. lifted its stake in Dynatrace, Inc. (NYSE:DT) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 681,010 shares of the company’s stock after purchasing an additional 59,149 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Dynatrace worth $37,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DT. Keybank National Association OH lifted its holdings in Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock worth $34,808,000 after buying an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock worth $1,173,000 after buying an additional 11,234 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Dynatrace during the 1st quarter worth about $2,175,000. Belpointe Asset Management LLC purchased a new stake in Dynatrace during the 1st quarter worth about $327,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dynatrace by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,218,892 shares of the company’s stock worth $104,621,000 after buying an additional 166,648 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DT. Oppenheimer began coverage on Dynatrace in a report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target for the company. Royal Bank Of Canada lifted their target price on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. BMO Capital Markets cut their target price on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.96.

Dynatrace Stock Performance

Shares of DT opened at $49.73 on Wednesday. The stock has a fifty day moving average of $49.12 and a two-hundred day moving average of $50.56. The company has a market capitalization of $14.99 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.88. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT) last issued its quarterly earnings results 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. The company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.Dynatrace’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director directly owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 10,602 shares of company stock worth $529,579. Insiders own 0.57% 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.