Ethic Inc. Takes Position in Dynatrace, Inc. (NYSE:DT)

Ethic Inc. purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,930 shares of the company's stock, valued at approximately $703,000.

A number of other hedge funds also recently added to or reduced their stakes in DT. Dragoneer Investment Group LLC acquired a new stake in Dynatrace in the fourth quarter worth about $242,380,000. Alyeska Investment Group L.P. acquired a new stake in Dynatrace in the fourth quarter worth approximately $204,000,000. Norges Bank bought a new stake in shares of Dynatrace in the 4th quarter worth $192,284,000. Raymond James Financial Inc. bought a new position in Dynatrace during the fourth quarter valued at about $102,209,000. Finally, TimesSquare Capital Management LLC acquired a new position in Dynatrace during the fourth quarter worth about $73,906,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Down 0.2%

NYSE DT traded down $0.13 during trading on Tuesday, hitting $53.13. The company's stock had a trading volume of 366,251 shares, compared to its average volume of 3,114,821. The firm has a market cap of $15.90 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The firm has a 50 day moving average price of $47.06 and a 200 day moving average price of $52.59.

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

Wall Street Analyst Weigh In

Several research firms recently commented on DT. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. Stifel Nicolaus upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research note on Friday, January 31st. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Tuesday, May 13th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price of $61.43.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at approximately $30,631,224. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company's stock.

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.