Davidson Investment Advisors Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Davidson Investment Advisors boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,718 shares of the company's stock after buying an additional 12,398 shares during the quarter. Davidson Investment Advisors owned 0.15% of Dynatrace worth $20,497,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DT. Dragoneer Investment Group LLC purchased a new position in Dynatrace during the fourth quarter worth about $242,380,000. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace during the fourth quarter worth about $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace during the fourth quarter worth about $192,284,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace during the fourth quarter worth about $102,209,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after purchasing an additional 1,350,794 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

DT stock traded up $0.05 during midday trading on Monday, reaching $56.59. 2,541,766 shares of the company were exchanged, compared to its average volume of 2,984,236. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock's 50-day simple moving average is $52.87 and its 200 day simple moving average is $52.48. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 4.94 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, topping analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $445.17 million for 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%. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. On average, research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

DT has been the topic of several research reports. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. DA Davidson increased their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Rosenblatt Securities reissued a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. BMO Capital Markets increased their price target on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Barclays increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and an average price target of $62.26.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.59% of the company's stock.

Dynatrace 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.