Dynatrace, Inc. (NYSE:DT) Shares Bought by Schroder Investment Management Group (2024)

Posted by Defense World Staff on Jun 11th, 2024

Schroder Investment Management Group lifted its position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,898 shares of the company’s stock after purchasing an additional 27,286 shares during the quarter. Schroder Investment Management Group owned 0.14% of Dynatrace worth $21,980,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DT. Lindbrook Capital LLC raised its holdings in Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the period. 1492 Capital Management LLC raised its stake in shares of Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after buying an additional 224 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after buying an additional 240 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Dynatrace by 3.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company’s stock valued at $420,000 after acquiring an additional 265 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock worth $255,000 after acquiring an additional 270 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Trading Up 0.8 %

NYSE DT opened at $46.54 on Tuesday. The stock has a fifty day simple moving average of $46.42 and a 200-day simple moving average of $50.47. The stock has a market cap of $13.84 billion, a PE ratio of 89.49, a P/E/G ratio of 6.97 and a beta of 1.05. Dynatrace, Inc. has a twelve month low of $43.29 and a twelve month high of $61.41.

Dynatrace (NYSE:DT – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The company had revenue of $380.85 million during the quarter, compared to analyst estimates of $375.20 million. Research analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on DT. Truist Financial reaffirmed a “buy” rating and set a $60.00 price objective (down from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Wells Fargo & Company lowered their price objective on Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. reduced their target price on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, April 1st. Morgan Stanley began coverage on Dynatrace in a research note on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price target on the stock. Finally, Loop Capital reduced their price objective on Dynatrace from $56.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, May 16th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.54.

Check Out Our Latest Stock Analysis on DT

Dynatrace Company Profile

(Free Report)

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.