Great West Life Assurance Co. Can Buys 109,586 Shares of Dynatrace, Inc. (NYSE:DT)

Great West Life Assurance Co. Can grew its stake in Dynatrace, Inc. (NYSE:DTGet Rating) by 191.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 166,951 shares of the company’s stock after acquiring an additional 109,586 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Dynatrace were worth $5,806,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in Dynatrace by 62.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company’s stock worth $363,000 after acquiring an additional 2,966 shares during the last quarter. HighTower Advisors LLC grew its position in Dynatrace by 42.6% during the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock worth $250,000 after acquiring an additional 1,598 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Dynatrace by 61.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company’s stock worth $378,000 after acquiring an additional 3,039 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Dynatrace during the 1st quarter worth approximately $582,000. Finally, Raymond James Trust N.A. grew its position in Dynatrace by 39.5% during the 1st quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock worth $307,000 after acquiring an additional 1,845 shares during the last quarter. 97.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Alicia Allen sold 31,985 shares of Dynatrace stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $39.77, for a total transaction of $1,272,043.45. Following the completion of the transaction, the chief accounting officer now owns 87,281 shares in the company, valued at $3,471,165.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is owned by corporate insiders.

Dynatrace Price Performance

DT stock opened at $37.03 on Friday. The stock has a 50-day moving average price of $37.52 and a two-hundred day moving average price of $37.41. The stock has a market cap of $10.66 billion, a PE ratio of 370.34, a price-to-earnings-growth ratio of 5.05 and a beta of 1.18. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15. Dynatrace, Inc. has a 1 year low of $29.41 and a 1 year high of $56.98.

Dynatrace (NYSE:DTGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $279.33 million during the quarter, compared to analysts’ expectations of $273.92 million. Dynatrace had a return on equity of 7.69% and a net margin of 2.71%. Equities analysts forecast that Dynatrace, Inc. will post 0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DT has been the topic of several research reports. Wedbush initiated coverage on Dynatrace in a report on Wednesday, December 14th. They set a “neutral” rating and a $35.00 price objective on the stock. Wells Fargo & Company upped their price objective on Dynatrace from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Royal Bank of Canada reduced their price objective on Dynatrace from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Citigroup reduced their price objective on Dynatrace from $47.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Finally, Rosenblatt Securities reduced their price objective on Dynatrace from $53.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.63.

Dynatrace Company Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

See Also

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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