UNIVEST FINANCIAL Corp Takes $1.21 Million Position in Dynatrace, Inc. $DT

UNIVEST FINANCIAL Corp acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 27,966 shares of the company’s stock, valued at approximately $1,212,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC grew its position in shares of Dynatrace by 22.0% in the third quarter. Penserra Capital Management LLC now owns 222,505 shares of the company’s stock valued at $10,780,000 after purchasing an additional 40,136 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Dynatrace by 63.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,040,475 shares of the company’s stock valued at $50,411,000 after purchasing an additional 402,585 shares during the period. Rakuten Investment Management Inc. purchased a new stake in shares of Dynatrace in the third quarter valued at $1,584,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Dynatrace by 149.1% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 51,326 shares of the company’s stock valued at $2,487,000 after purchasing an additional 30,718 shares during the period. Finally, LBP AM SA grew its position in shares of Dynatrace by 9.8% in the fourth quarter. LBP AM SA now owns 776,955 shares of the company’s stock valued at $33,673,000 after purchasing an additional 69,318 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In related news, EVP Stephen A. Mcmahon bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $35.75 per share, with a total value of $107,250.00. Following the completion of the transaction, the executive vice president directly owned 3,454 shares of the company’s stock, valued at approximately $123,480.50. This represents a 660.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by insiders.

Dynatrace Trading Down 0.0%

DT stock opened at $40.70 on Monday. The stock has a 50-day moving average price of $36.89 and a two-hundred day moving average price of $40.81. Dynatrace, Inc. has a 12-month low of $31.64 and a 12-month high of $57.55. The company has a market cap of $12.14 billion, a PE ratio of 66.71, a price-to-earnings-growth ratio of 2.48 and a beta of 0.70.

Dynatrace (NYSE:DT) last issued its earnings results on Monday, February 9th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Dynatrace had a return on equity of 9.75% and a net margin of 9.55%.The company had revenue of $515.47 million during the quarter, compared to the consensus estimate of $506.31 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Dynatrace, Inc. will post 0.88 EPS for the current fiscal year.

Dynatrace announced that its Board of Directors has authorized a stock buyback program on Monday, February 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 9.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on DT. Rosenblatt Securities lowered their price target on Dynatrace from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Raymond James Financial reissued a “market perform” rating on shares of Dynatrace in a research report on Monday, February 9th. Cantor Fitzgerald lowered their price target on Dynatrace from $51.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Barclays lowered their price target on Dynatrace from $57.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Finally, KeyCorp boosted their price target on Dynatrace from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $51.32.

Dynatrace Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.