Coronation Fund Managers Ltd. Has $15.31 Million Stake in Dynatrace, Inc. (NYSE:DT)

Coronation Fund Managers Ltd. increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 53.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,402 shares of the company's stock after purchasing an additional 100,262 shares during the period. Coronation Fund Managers Ltd. owned approximately 0.10% of Dynatrace worth $15,314,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DT. Vanguard Group Inc. grew its stake in Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. US Bancorp DE grew its stake in Dynatrace by 89.7% during the first quarter. US Bancorp DE now owns 48,478 shares of the company's stock worth $2,251,000 after buying an additional 22,928 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company's stock valued at $8,469,000 after purchasing an additional 157,739 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Dynatrace during the second quarter valued at approximately $1,295,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after purchasing an additional 2,030,915 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. BNP Paribas assumed coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price target on the stock. BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Barclays raised shares of Dynatrace from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.46.

Dynatrace Stock Up 0.5 %

Shares of NYSE:DT traded up $0.27 during midday trading on Friday, reaching $54.07. 2,180,180 shares of the company were exchanged, compared to its average volume of 1,925,503. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a fifty day simple moving average of $52.45 and a two-hundred day simple moving average of $48.11. The firm has a market cap of $16.11 billion, a PE ratio of 103.98, a P/E/G ratio of 7.90 and a beta of 1.06.

Dynatrace (NYSE:DT - Get Free Report) last issued 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 net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the business earned $0.16 EPS. The company's revenue was up 19.9% compared to the same quarter last year. As a group, analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares of the company's stock, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.59% of the company's stock.

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.