Davidson Investment Advisors Buys 12,398 Shares of Dynatrace, Inc. (NYSE:DT)

Davidson Investment Advisors increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 434,718 shares of the company's stock after acquiring an additional 12,398 shares during the period. Davidson Investment Advisors owned about 0.15% of Dynatrace worth $20,497,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DT. Keybank National Association OH raised its stake in shares of Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after purchasing an additional 170,380 shares in the last quarter. OFI Invest Asset Management bought a new stake in Dynatrace during the fourth quarter worth $842,000. Allstate Corp acquired a new stake in Dynatrace in the fourth quarter valued at $471,000. Asset Management One Co. Ltd. grew its position in shares of Dynatrace by 4.0% in the 1st 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 period. Finally, Lecap Asset Management Ltd. bought a new position in Dynatrace during the first quarter worth about $3,846,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. KeyCorp assumed coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective on the stock. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. UBS Group upped their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Bank of America increased their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Eight equities research 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 company's stock. Based on data from 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 stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.59% of the company's stock.

Dynatrace Stock Up 3.6%

Shares of DT stock opened at $56.65 on Monday. The business has a fifty day simple moving average of $52.87 and a 200 day simple moving average of $52.48. The company has a market cap of $16.98 billion, a P/E ratio of 35.41, a P/E/G ratio of 4.94 and a beta of 0.91. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The business's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

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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