Dynatrace, Inc. (NYSE:DT) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its position in Dynatrace, Inc. (NYSE:DT) by 24.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,661 shares of the company’s stock after acquiring an additional 2,090 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Dynatrace were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Dynatrace during the fourth quarter worth $25,000. NewSquare Capital LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $32,000. Planned Solutions Inc. acquired a new stake in shares of Dynatrace during the fourth quarter worth $38,000. Lindbrook Capital LLC lifted its holdings in shares of Dynatrace by 35.9% during the fourth 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. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Dynatrace during the third quarter worth $35,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Up 1.1 %

Shares of DT stock opened at $47.10 on Friday. Dynatrace, Inc. has a fifty-two week low of $40.57 and a fifty-two week high of $61.41. The stock has a market cap of $13.87 billion, a P/E ratio of 71.36, a P/E/G ratio of 4.00 and a beta of 1.07. The business has a fifty day simple moving average of $46.99 and a 200-day simple moving average of $50.81.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DT shares. TD Cowen decreased their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Jefferies Financial Group raised Dynatrace from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $70.00 in a report on Friday, January 5th. Morgan Stanley started coverage on Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. Finally, Capital One Financial started coverage on Dynatrace in a research report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 price objective for the company. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.08.

Dynatrace Profile

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.