Atria Wealth Solutions Inc. Purchases 8,945 Shares of Dynatrace, Inc. $DT

Atria Wealth Solutions Inc. boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 129.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,870 shares of the company’s stock after buying an additional 8,945 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Dynatrace were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in Dynatrace during the second quarter worth $35,000. Brooklyn Investment Group raised its position in Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares in the last quarter. S.A. Mason LLC bought a new stake in Dynatrace during the first quarter worth $58,000. CX Institutional raised its position in Dynatrace by 42.6% during the second quarter. CX Institutional now owns 1,221 shares of the company’s stock worth $67,000 after acquiring an additional 365 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock worth $76,000 after acquiring an additional 921 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Dynatrace

In other news, Director Lisa M. Campbell sold 1,013 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. This trade represents a 50.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 7,503 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares of the company’s stock, valued at approximately $71,000. This trade represents a 84.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,602 shares of company stock valued at $529,579 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Dynatrace stock opened at $48.19 on Friday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a 50 day moving average price of $48.78 and a two-hundred day moving average price of $50.15. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 4.18 and a beta of 0.88.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping 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 net margin of 27.75% and a return on equity of 9.15%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DT shares. BMO Capital Markets dropped their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Royal Bank Of Canada increased their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Citigroup decreased their price target on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Guggenheim increased their price objective 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. Finally, Wells Fargo & Company began coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They set an “overweight” rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $62.96.

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.