9,304 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Cache Advisors LLC

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

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the 4th quarter worth about $38,000. Coppell Advisory Solutions LLC increased its holdings in Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 0.9%

Shares of NYSE DT traded up $0.49 during midday trading on Thursday, hitting $54.11. 1,267,367 shares of the company's stock were exchanged, compared to its average volume of 3,120,396. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 7.05 and a beta of 0.95. The business's fifty day moving average price is $47.68 and its two-hundred day moving average price is $52.58.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS 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 company had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Dynatrace's revenue was up 16.9% on a year-over-year basis. Equities analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. UBS Group lifted their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. Morgan Stanley set a $55.00 price objective on Dynatrace in a report on Thursday, May 15th. Finally, Wedbush reissued an "outperform" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.