Congress Asset Management Co. Has $96.02 Million Stake in Dynatrace, Inc. (NYSE:DT)

Congress Asset Management Co. trimmed its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,036,402 shares of the company's stock after selling 289,877 shares during the period. Congress Asset Management Co. owned 0.68% of Dynatrace worth $96,016,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DT. QRG Capital Management Inc. lifted its holdings in Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after purchasing an additional 9,251 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Dynatrace in the 4th quarter valued at $842,000. Allstate Corp bought a new position in shares of Dynatrace in the 4th quarter valued at $471,000. Metis Global Partners LLC bought a new position in shares of Dynatrace in the 4th quarter valued at $571,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Dynatrace in the 4th quarter valued at $73,906,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

Shares of NYSE:DT opened at $55.01 on Friday. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 7.05 and a beta of 0.95. The business's 50-day moving average is $48.39 and its 200-day moving average is $52.64. 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 quarterly earnings data 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. The company had revenue of $445.17 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.30 EPS. Analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DT. Bank of America boosted their price objective on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. UBS Group boosted their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Barclays boosted their price objective on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. DA Davidson boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average 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.

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