Crossmark Global Holdings Inc. Has $4.95 Million Position in Dynatrace, Inc. (NYSE:DT)

Crossmark Global Holdings Inc. increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,967 shares of the company's stock after purchasing an additional 7,731 shares during the period. Crossmark Global Holdings Inc.'s holdings in Dynatrace were worth $4,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new position in shares of Dynatrace during the 4th quarter worth $242,380,000. Alyeska Investment Group L.P. bought a new stake in shares of Dynatrace in the 4th quarter valued at about $204,000,000. Norges Bank bought a new stake in shares of Dynatrace in the 4th quarter valued at about $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dynatrace by 53.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after buying an additional 1,350,794 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Dynatrace in the 4th quarter valued at about $51,731,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.59% of the company's stock.

Dynatrace Stock Down 0.6%

DT stock opened at $56.31 on Wednesday. The firm has a market cap of $16.87 billion, a PE ratio of 35.19, a P/E/G ratio of 4.95 and a beta of 0.91. The business has a 50 day moving average of $53.25 and a 200-day moving average of $52.52. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month 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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $435.14 million. During the same period in the prior year, the company earned $0.30 earnings per share. Dynatrace's revenue was up 16.9% compared to the same quarter last year. On average, research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on DT. DA Davidson raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. BMO Capital Markets upped their price target on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. UBS Group upped their price target on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Barclays upped their price target on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $62.26.

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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