Bridges Investment Management Inc. Acquires 11,234 Shares of Dynatrace, Inc. (NYSE:DT)

Bridges Investment Management Inc. raised its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 82.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,873 shares of the company's stock after buying an additional 11,234 shares during the quarter. Bridges Investment Management Inc.'s holdings in Dynatrace were worth $1,173,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Keybank National Association OH increased its holdings in Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after buying an additional 170,380 shares during the last quarter. Allstate Corp acquired a new position in Dynatrace in the fourth quarter worth approximately $471,000. Asset Management One Co. Ltd. increased its holdings in Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after buying an additional 4,697 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Dynatrace in the first quarter worth approximately $3,846,000. Finally, GAMMA Investing LLC grew its holdings in Dynatrace by 16.7% during the first quarter. GAMMA Investing LLC now owns 4,246 shares of the company's stock valued at $200,000 after purchasing an additional 609 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $3.40 during midday trading on Thursday, hitting $52.79. 3,462,038 shares of the stock were exchanged, compared to its average volume of 2,993,506. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 4.85 and a beta of 0.91. The business's 50-day moving average price is $53.44 and its 200 day moving average price is $52.55. 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 released its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DT shares. Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Royal Bank Of Canada increased their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. DA Davidson boosted their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Barclays lifted their price objective on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $62.26.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.59% of the company's stock.

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.