Concurrent Investment Advisors LLC Invests $289,000 in Dynatrace, Inc. (NYSE:DT)

Concurrent Investment Advisors LLC acquired a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,133 shares of the company's stock, valued at approximately $289,000.

Other hedge funds have also recently bought and sold shares of the company. Keybank National Association OH boosted its holdings in Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after acquiring an additional 170,380 shares during the last quarter. Allstate Corp bought a new position in Dynatrace in the fourth quarter valued at about $471,000. Asset Management One Co. Ltd. boosted its holdings in Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after acquiring an additional 4,697 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Dynatrace in the first quarter valued at about $3,846,000. Finally, Teacher Retirement System of Texas bought a new position in Dynatrace in the first quarter valued at about $2,175,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Performance

Dynatrace stock traded down $1.40 during midday trading on Friday, reaching $51.39. The stock had a trading volume of 2,506,342 shares, compared to its average volume of 2,998,432. The firm's fifty day simple moving average is $53.61 and its 200-day simple moving average is $52.49. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a market capitalization of $15.51 billion, a P/E ratio of 73.41, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $435.14 million. During the same quarter last year, the firm earned $0.30 EPS. Dynatrace's revenue for the quarter was up 16.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DT shares. Loop Capital decreased their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Barclays raised their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. BMO Capital Markets raised their target price on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, UBS Group raised their target price on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $62.26.

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.