Woodline Partners LP Has $18.10 Million Position in Dynatrace, Inc. (NYSE:DT)

Woodline Partners LP lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,930 shares of the company's stock after selling 328,689 shares during the period. Woodline Partners LP owned about 0.11% of Dynatrace worth $18,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DT. Smartleaf Asset Management LLC increased its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace during the fourth quarter valued at $38,000. Nisa Investment Advisors LLC increased its stake in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the last quarter. Finally, Huntington National Bank increased its stake in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after purchasing an additional 606 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 1.6%

DT stock traded down $0.88 during trading on Friday, hitting $53.31. The company had a trading volume of 2,146,244 shares, compared to its average volume of 3,131,122. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 7.05 and a beta of 0.95. The business has a 50 day moving average of $47.44 and a 200 day moving average of $52.59. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The company had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same period in the prior year, the company earned $0.30 EPS. Dynatrace's revenue was up 16.9% on a year-over-year basis. As a group, equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on DT shares. The Goldman Sachs Group boosted their target price on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. 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. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $61.43.

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.