Cache Advisors LLC Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Cache Advisors LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,304 shares of the company's stock, valued at approximately $506,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in Dynatrace in the 4th quarter valued at $300,000. UMB Bank n.a. raised its stake in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after purchasing an additional 541 shares during the last quarter. LaFleur & Godfrey LLC acquired a new position in Dynatrace in the 4th quarter valued at $352,000. Finally, Nisa Investment Advisors LLC lifted its position in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, UBS Group lifted their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.43.

Dynatrace Stock Up 1.8%

NYSE DT traded up $0.97 during trading on Tuesday, hitting $54.24. The stock had a trading volume of 2,571,054 shares, compared to its average volume of 3,128,882. The company has a market capitalization of $16.24 billion, a PE ratio of 33.90, a PEG ratio of 7.05 and a beta of 0.95. The firm has a 50 day moving average price of $47.52 and a 200 day moving average price of $52.56. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve 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 EPS 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 analyst estimates of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The firm's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share 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.