GSA Capital Partners LLP Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Key Points

• GSA Capital Partners LLP acquired 17,395 shares of Dynatrace, Inc. valued at approximately $820,000, marking a significant investment during the 1st quarter.
• Several hedge funds increased their positions in Dynatrace, with Keybank National Association OH raising its stake by 30.0% to 738,230 shares, now valued at $34,808,000.
• Wall Street analysts have varying ratings on Dynatrace, with a consensus rating of "Moderate Buy" and an average price target of $62.35.

GSA Capital Partners LLP acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,395 shares of the company's stock, valued at approximately $820,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keybank National Association OH boosted its position in shares of Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Dynatrace by 4.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after purchasing an additional 4,697 shares during the period. Teacher Retirement System of Texas acquired a new stake in Dynatrace during the 1st quarter worth approximately $2,175,000. Finally, Lecap Asset Management Ltd. bought a new position in Dynatrace in the first quarter valued at approximately $3,846,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research analyst reports. 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 report on Thursday, May 15th. Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. UBS Group boosted their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Guggenheim raised shares of Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 target price on the stock in a report on Wednesday, July 23rd. Seven 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's stock. According to MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $62.35.

Dynatrace Stock Performance

Shares of NYSE DT traded up $1.10 during trading hours on Monday, hitting $51.61. 2,230,770 shares of the stock were exchanged, compared to its average volume of 2,354,380. The company's fifty day simple moving average is $54.19 and its two-hundred day simple moving average is $52.51. The company has a market cap of $15.57 billion, a PE ratio of 72.16, a price-to-earnings-growth ratio of 4.41 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. Dynatrace's revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.