Dynatrace, Inc. (NYSE:DT) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,613 shares of the company's stock after buying an additional 4,697 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Dynatrace were worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the 4th quarter valued at about $38,000. Coppell Advisory Solutions LLC raised its position in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional purchased a new stake in Dynatrace during the first quarter worth approximately $40,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Dynatrace during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. BMO Capital Markets increased their price target on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Morgan Stanley set a $55.00 price target on shares of Dynatrace in a report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Stock Up 0.5%

Shares of DT traded up $0.26 during mid-day trading on Wednesday, reaching $54.67. 883,910 shares of the company's stock were exchanged, compared to its average volume of 2,975,207. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 4.82 and a beta of 0.91. The company has a 50-day simple moving average of $52.24 and a two-hundred day simple moving average of $52.46.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Dynatrace's quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.