7,165 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,165 shares of the company's stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DT. Coppell Advisory Solutions LLC raised its position in Dynatrace by 1,423.4% in the 4th 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 Dynatrace in the 1st quarter worth about $40,000. Opal Wealth Advisors LLC bought a new position in Dynatrace in the 1st quarter worth about $45,000. MassMutual Private Wealth & Trust FSB grew its stake in Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in Dynatrace by 344.0% in the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after acquiring an additional 860 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 1.3%

NYSE DT opened at $46.24 on Monday. The company has a fifty day simple moving average of $53.72 and a two-hundred day simple moving average of $52.38. The stock has a market cap of $13.94 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.97 and a beta of 0.91. 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 posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. As a group, sell-side analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm'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 completion of the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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. Barclays upped their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. BMO Capital Markets dropped their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday. Wall Street Zen upgraded shares of Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley set a $55.00 target price on shares of Dynatrace in a research note on Thursday, May 15th. Finally, DA Davidson upped their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Six investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.57.

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.

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