105,040 Shares in Dynatrace, Inc. (NYSE:DT) Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 105,040 shares of the company's stock, valued at approximately $4,953,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. Captrust Financial Advisors lifted its position in Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after purchasing an additional 177 shares during the period. Quadrant Capital Group LLC boosted its holdings in Dynatrace by 6.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock valued at $183,000 after purchasing an additional 216 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock valued at $3,583,000 after purchasing an additional 253 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT opened at $54.41 on Friday. The company has a 50-day moving average of $50.57 and a two-hundred day moving average of $52.55. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 4.75 and a beta of 0.92. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results 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. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period in the previous year, the business earned $0.30 EPS. The company's revenue was up 16.9% on a year-over-year basis. Analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction 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 transaction, 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 ownership of the stock. 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 Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada increased their target price on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $61.75.

Dynatrace Company 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.

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