Dynatrace, Inc. (NYSE:DT) Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. boosted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 23.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,501,451 shares of the company's stock after acquiring an additional 482,017 shares during the period. Congress Asset Management Co. owned 0.84% of Dynatrace worth $133,753,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Eminence Capital LP acquired a new position in Dynatrace during the 2nd quarter worth approximately $158,369,000. Jericho Capital Asset Management L.P. acquired a new position in Dynatrace during the 1st quarter worth approximately $133,701,000. Assenagon Asset Management S.A. increased its position in Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock worth $98,792,000 after purchasing an additional 2,030,915 shares during the period. Vanguard Group Inc. increased its position in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after acquiring an additional 1,029,387 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Price Performance

NYSE DT traded down $1.29 during trading hours on Thursday, hitting $53.77. The company had a trading volume of 2,106,894 shares, compared to its average volume of 3,320,629. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 105.88, a P/E/G ratio of 7.93 and a beta of 1.06. The firm's 50 day moving average is $52.30 and its 200 day moving average is $47.95.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Activity

In other news, EVP Dan Zugelder sold 11,022 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company's stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 over the last ninety days. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush assumed coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target on the stock. BTIG Research upped their target price on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Scotiabank upped their target price on Dynatrace from $52.00 to $55.00 and gave the company a "sector outperform" rating in a research note on Thursday, August 8th. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.46.

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.