Brown Advisory Inc. Has $600.06 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Brown Advisory Inc. lowered its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 9.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,726,554 shares of the company's stock after selling 1,388,889 shares during the period. Brown Advisory Inc. owned approximately 4.25% of Dynatrace worth $600,057,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $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 valued at $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new position in Dynatrace during the 1st quarter valued at about $40,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Dynatrace in the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DT shares. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. The Goldman Sachs Group increased their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Royal Bank Of Canada lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Bank of America increased their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, DA Davidson raised their price target 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. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus 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 business's stock in a transaction dated 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 sale, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.59% of the company's stock.

Dynatrace Trading Up 0.1%

DT opened at $56.59 on Tuesday. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The firm has a 50-day moving average price of $53.07 and a two-hundred day moving average price of $52.49. The stock has a market capitalization of $16.96 billion, a PE ratio of 35.37, a PEG ratio of 4.94 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued 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. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The business had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm's revenue for the quarter was up 16.9% on a year-over-year basis. On average, research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Dynatrace Company 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.

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