Benson Investment Management Company Inc. Purchases New Stake in Dynatrace, Inc. (NYSE:DT)

Benson Investment Management Company Inc. purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 69,593 shares of the company's stock, valued at approximately $3,281,000.

A number of other large investors have also modified their holdings of DT. QRG Capital Management Inc. grew its stake in shares of Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after purchasing an additional 9,251 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Dynatrace during the 4th quarter worth about $842,000. Allstate Corp purchased a new position in shares of Dynatrace in the 4th quarter valued at about $471,000. Metis Global Partners LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth about $571,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth about $73,906,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Dynatrace stock traded up $0.83 during mid-day trading on Thursday, reaching $54.93. The company had a trading volume of 2,584,374 shares, compared to its average volume of 3,109,598. The stock's 50-day simple moving average is $48.09 and its 200-day simple moving average is $52.60. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $16.46 billion, a P/E ratio of 34.33, a P/E/G ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company's quarterly revenue was up 16.9% on a year-over-year basis. On average, equities analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DT has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Loop Capital decreased their price objective on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Bank of America lifted their target price on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus boosted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and a consensus price target of $61.43.

Dynatrace 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.