Janus Henderson Group PLC Has $338.05 Million Position in Dynatrace, Inc. (NYSE:DT)

Janus Henderson Group PLC increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 8.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,279,365 shares of the company’s stock after purchasing an additional 583,220 shares during the period. Janus Henderson Group PLC’s holdings in Dynatrace were worth $338,053,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. acquired a new stake in Dynatrace in the 1st quarter worth $133,701,000. Norges Bank acquired a new stake in Dynatrace during the fourth quarter worth about $148,515,000. Vanguard Group Inc. increased its stake in Dynatrace by 9.8% during the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after acquiring an additional 2,348,246 shares during the period. Congress Asset Management Co. MA raised its holdings in Dynatrace by 670.2% in the 1st quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock valued at $84,332,000 after acquiring an additional 1,580,162 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Dynatrace by 104.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after acquiring an additional 956,000 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial restated a “buy” rating and set a $60.00 price objective (down from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Wells Fargo & Company dropped their price objective on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Guggenheim decreased their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada dropped their price target on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Finally, Robert W. Baird decreased their price objective on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were 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 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 can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders sold a total of 84,274 shares of company stock valued at $3,883,271 over the last ninety days. Insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock traded up $0.39 on Tuesday, reaching $44.81. 2,086,625 shares of the stock were exchanged, compared to its average volume of 3,532,142. Dynatrace, Inc. has a one year low of $42.31 and a one year high of $61.41. The stock has a market cap of $13.36 billion, a PE ratio of 85.44, a P/E/G ratio of 6.68 and a beta of 1.04. The stock has a 50 day moving average price of $45.03 and a 200 day moving average price of $48.06.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The firm had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. On average, research analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

About Dynatrace

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.