Cache Advisors LLC Acquires New Stake in Dynatrace, Inc. (NYSE:DT)

Cache Advisors LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,304 shares of the company's stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Dynatrace by 1.6% in the 4th 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 during the period. Janus Henderson Group PLC lifted its holdings in Dynatrace by 5.6% during the fourth 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 during the period. American Century Companies Inc. boosted its position in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock valued at $411,449,000 after acquiring an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA boosted its position 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 valued at $381,860,000 after acquiring an additional 834,225 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.65 on Wednesday, hitting $53.59. The company's stock had a trading volume of 2,410,468 shares, compared to its average volume of 3,126,019. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The firm has a fifty day moving average price of $47.61 and a 200-day moving average price of $52.57. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its 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. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The business had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same period in the prior year, the company posted $0.30 EPS. The business's quarterly revenue was up 16.9% on a year-over-year basis. As a group, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DT shares. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Tuesday, May 13th. Scotiabank increased their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Loop Capital lowered their target price 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. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.43.

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.