Qsemble Capital Management LP Purchases 51,088 Shares of Dynatrace, Inc. (NYSE:DT)

Qsemble Capital Management LP increased its position in shares of Dynatrace, Inc. (NYSE:DT) by 90.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,405 shares of the company’s stock after acquiring an additional 51,088 shares during the quarter. Dynatrace makes up about 0.9% of Qsemble Capital Management LP’s portfolio, making the stock its 10th biggest holding. Qsemble Capital Management LP’s holdings in Dynatrace were worth $4,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. DSM Capital Partners LLC purchased a new stake in Dynatrace in the 4th quarter valued at about $28,000. Geneos Wealth Management Inc. raised its holdings in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace in the 2nd quarter valued at about $26,000. Versant Capital Management Inc raised its holdings in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the period. Finally, Rise Advisors LLC purchased a new stake in Dynatrace in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DT. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Wells Fargo & Company reduced their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Guggenheim cut their price target on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Piper Sandler assumed coverage on shares of Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target on the stock. Finally, Robert W. Baird cut their price target on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

DT stock opened at $50.67 on Thursday. The company’s 50 day moving average price is $46.61 and its 200 day moving average price is $46.41. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of 97.44, a PEG ratio of 7.55 and a beta of 1.05.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

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.