Quantinno Capital Management LP Buys 84,112 Shares of Dynatrace, Inc. (NYSE:DT)

Quantinno Capital Management LP boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 231,860 shares of the company's stock after buying an additional 84,112 shares during the quarter. Quantinno Capital Management LP owned 0.08% of Dynatrace worth $12,602,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the fourth quarter worth approximately $38,000. Coppell Advisory Solutions LLC grew its position in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DT shares. The Goldman Sachs Group raised their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley decreased their price objective on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group decreased their price objective on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Scotiabank raised their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.22.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.59% of the company's stock.

Dynatrace Stock Performance

Shares of Dynatrace stock traded up $0.32 during midday trading on Friday, reaching $53.35. 2,887,961 shares of the company's stock traded hands, compared to its average volume of 3,128,201. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The company's 50 day simple moving average is $46.98 and its 200 day simple moving average is $52.61. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. Dynatrace's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.