Dynatrace, Inc. (NYSE:DT) is Robocap Asset Management Ltd's 4th Largest Position

Robocap Asset Management Ltd lifted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,811 shares of the company's stock after purchasing an additional 18,170 shares during the quarter. Dynatrace accounts for approximately 6.6% of Robocap Asset Management Ltd's investment portfolio, making the stock its 4th largest position. Robocap Asset Management Ltd owned 0.06% of Dynatrace worth $8,808,000 at the end of the most recent quarter.

Several other institutional investors and 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 $242,380,000. Alyeska Investment Group L.P. purchased a new position in Dynatrace during the fourth quarter worth $204,000,000. Norges Bank purchased a new position in Dynatrace during the fourth quarter worth $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 buying an additional 1,350,794 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Dynatrace during the fourth quarter worth $51,731,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction dated 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 owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $56.59 on Tuesday. The company has a market capitalization of $16.96 billion, a PE ratio of 35.37, a P/E/G ratio of 4.94 and a beta of 0.91. The company has a 50-day simple moving average of $53.07 and a two-hundred day simple moving average of $52.49. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced 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 business had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, equities analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DT has been the subject of a number of recent analyst reports. UBS Group boosted their target price 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. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price for the company. Morgan Stanley set a $55.00 target price on shares of Dynatrace in a research note on Thursday, May 15th. Bank of America boosted their target price on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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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