CenterBook Partners LP purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,428 shares of the company's stock, valued at approximately $397,000.
Several other institutional investors have also recently made changes to their positions in DT. Coppell Advisory Solutions LLC increased its holdings in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new position in shares of Dynatrace in the first quarter worth $40,000. Opal Wealth Advisors LLC bought a new position in shares of Dynatrace in the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB increased its stake in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the last quarter. Finally, Huntington National Bank increased its stake in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the last quarter. Institutional investors own 94.28% of the company's stock.
Dynatrace Trading Up 0.6%
Shares of NYSE:DT traded up $0.34 on Friday, reaching $53.26. 1,737,909 shares of the company traded hands, compared to its average volume of 2,992,133. The business's 50-day simple moving average is $54.07 and its 200 day simple moving average is $52.44. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a market capitalization of $16.07 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91.
Dynatrace (NYSE:DT - Get Free Report) last posted 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. The company had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. Dynatrace's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on DT. Loop Capital reduced their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, May 16th. BMO Capital Markets increased their target price on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley set a $55.00 target price on Dynatrace in a research note on Thursday, May 15th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Eight equities research 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.com, Dynatrace has an average rating of "Moderate Buy" and an average target price of $62.26.
Get Our Latest Report on DT
Insider Buying and Selling at Dynatrace
In other news, EVP Dan Zugelder sold 15,824 shares of the 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 completion of the sale, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company's stock.
About Dynatrace
(
Free Report)
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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