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

Brown Advisory Inc. cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,726,554 shares of the company's stock after selling 1,388,889 shares during the period. Brown Advisory Inc. owned about 4.25% of Dynatrace worth $600,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after purchasing an additional 484,877 shares in the last quarter. Janus Henderson Group PLC lifted its position in Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares in the last quarter. American Century Companies Inc. grew its holdings in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after acquiring an additional 700,332 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after acquiring an additional 834,225 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Dynatrace by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after acquiring an additional 87,857 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other Dynatrace 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 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. The trade was a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. DA Davidson increased their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Royal Bank Of Canada boosted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research note on Tuesday, May 13th. Finally, Morgan Stanley set a $55.00 price objective on Dynatrace in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.26.

Dynatrace Stock Performance

NYSE:DT traded down $1.40 on Friday, reaching $51.39. The company's stock had a trading volume of 2,506,342 shares, compared to its average volume of 2,994,930. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The business's 50-day moving average price is $53.61 and its two-hundred day moving average price is $52.51. The firm has a market cap of $15.51 billion, a PE ratio of 32.12, a PEG ratio of 4.61 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same period in the previous year, the firm earned $0.30 EPS. Dynatrace's quarterly revenue was up 16.9% compared to the same quarter last year. As a group, sell-side analysts expect 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.