Teacher Retirement System of Texas purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 46,129 shares of the company's stock, valued at approximately $2,175,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new stake in Dynatrace during the fourth quarter worth approximately $242,380,000. Alyeska Investment Group L.P. acquired a new position in shares of Dynatrace in the 4th quarter valued at $204,000,000. Norges Bank purchased a new position in Dynatrace during the 4th quarter worth approximately $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after buying an additional 1,350,794 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Dynatrace in the fourth quarter worth about $51,731,000. 94.28% of the stock is owned by institutional investors.
Insider Activity at Dynatrace
In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.59% of the company's stock.
Dynatrace Price Performance
NYSE DT opened at $56.25 on Thursday. The firm has a market cap of $16.86 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 4.85 and a beta of 0.91. The stock's 50-day moving average is $53.44 and its two-hundred day moving average is $52.55. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.
Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business 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. Dynatrace's revenue was up 16.9% compared to the same quarter last year. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have commented on the company. Morgan Stanley set a $55.00 price target on Dynatrace in a research note on Thursday, May 15th. Loop Capital decreased their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. KeyCorp assumed coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective on the stock. Bank of America upped their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, DA Davidson increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.26.
Check Out Our Latest Stock Report on Dynatrace
About Dynatrace
(
Free Report)
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.
See Also
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