Oppenheimer Asset Management Inc. Buys 74,575 Shares of Dynatrace, Inc. $DT

Oppenheimer Asset Management Inc. boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 216.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,018 shares of the company’s stock after buying an additional 74,575 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dynatrace were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH increased its position in Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock valued at $34,808,000 after buying an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. increased its position in Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock valued at $1,173,000 after buying an additional 11,234 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Dynatrace during the 1st quarter valued at about $2,175,000. Belpointe Asset Management LLC acquired a new position in Dynatrace during the 1st quarter valued at about $327,000. Finally, Charles Schwab Investment Management Inc. increased its position 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 valued at $104,621,000 after buying an additional 166,648 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DT. Royal Bank Of Canada upped their target price on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Citigroup cut their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dynatrace in a report on Wednesday, October 8th. Wall Street Zen lowered Dynatrace from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets cut their price objective on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.96.

Dynatrace Stock Up 0.4%

Shares of DT opened at $50.49 on Tuesday. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 4.44 and a beta of 0.88. The stock’s 50-day moving average price is $49.10 and its 200-day moving average price is $50.51.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the sale, the executive vice president owned 1,420 shares in the company, valued at $71,000. This represents a 84.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction dated 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 sale, the director owned 1,012 shares in the company, valued at $50,367.24. The trade was a 50.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,602 shares of company stock worth $529,579 over the last quarter. 0.57% of the stock is currently owned by insiders.

Dynatrace Company Profile

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.