MinichMacGregor Wealth Management LLC Acquires Shares of 105,040 Dynatrace, Inc. (NYSE:DT)

MinichMacGregor Wealth Management LLC bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 105,040 shares of the company's stock, valued at approximately $4,953,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the fourth quarter valued at approximately $38,000. Coppell Advisory Solutions LLC grew its holdings 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 purchasing an additional 669 shares during the period. CX Institutional bought a new position in shares of Dynatrace during the 1st quarter worth about $40,000. Finally, Huntington National Bank grew its stake in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Down 1.9%

Shares of DT stock traded down $1.06 during trading hours on Wednesday, hitting $54.70. 2,037,112 shares of the company's stock traded hands, compared to its average volume of 3,008,335. The stock has a market cap of $16.39 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 4.87 and a beta of 0.92. The stock's fifty day simple moving average is $51.04 and its two-hundred day simple moving average is $52.51. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president now directly owns 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Barclays upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, The Goldman Sachs Group boosted their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.75.

About Dynatrace

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.