Assenagon Asset Management S.A. Boosts Stock Position in Dynatrace, Inc. (NYSE:DT)

Assenagon Asset Management S.A. boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 694.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 356,012 shares of the company’s stock after buying an additional 311,203 shares during the period. Assenagon Asset Management S.A. owned 0.12% of Dynatrace worth $19,470,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ardsley Advisory Partners LP acquired a new stake in Dynatrace in the 3rd quarter worth about $1,881,000. ArrowMark Colorado Holdings LLC boosted its stake in Dynatrace by 6.1% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 2,137,914 shares of the company’s stock worth $110,038,000 after buying an additional 122,841 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Dynatrace by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after buying an additional 375,463 shares during the last quarter. Bamco Inc. NY boosted its stake in Dynatrace by 24.1% in the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after buying an additional 134,792 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Dynatrace in the 4th quarter worth about $45,152,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Rosenblatt Securities raised their price target on Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Citigroup lifted their price objective on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Dynatrace in a research note on Friday, February 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Dynatrace in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.25.

Dynatrace Stock Down 0.1 %

DT stock opened at $45.95 on Thursday. Dynatrace, Inc. has a 52-week low of $39.05 and a 52-week high of $61.41. The stock’s 50 day moving average is $51.94 and its two-hundred day moving average is $50.99. The company has a market capitalization of $13.53 billion, a PE ratio of 69.79, a P/E/G ratio of 4.69 and a beta of 1.08.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

Insider Activity

In other news, SVP Dan Zugelder sold 6,596 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total value of $371,025.00. Following the completion of the sale, the senior vice president now directly owns 96,020 shares in the company, valued at approximately $5,401,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Dan Zugelder sold 6,596 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total value of $371,025.00. Following the completion of the sale, the senior vice president now directly owns 96,020 shares in the company, valued at approximately $5,401,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the completion of the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,285,187 shares of company stock worth $751,264,421. 0.54% of the stock is currently owned by insiders.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.