A&I Financial Services LLC bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,481 shares of the company's stock, valued at approximately $777,000. Dynatrace makes up 0.5% of A&I Financial Services LLC's portfolio, making the stock its 25th biggest holding.
Several other institutional investors and hedge funds have also modified their holdings of 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 last quarter. CX Institutional bought a new position in Dynatrace in the 1st quarter worth approximately $40,000. Opal Wealth Advisors LLC bought a new position in Dynatrace in the 1st quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 256 shares during the last quarter. Finally, Huntington National Bank raised its position in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related 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 completion of the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.59% of the company's stock.
Dynatrace Stock Performance
NYSE DT traded down $1.40 on Friday, reaching $51.39. The company had a trading volume of 2,506,342 shares, compared to its average volume of 2,998,432. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company's fifty day moving average is $53.61 and its 200-day moving average is $52.49.
Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. On average, research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently weighed in on DT. 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 report 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 cut shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. DA Davidson upped their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on 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 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.
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