Harbor Capital Advisors Inc. Buys 8,517 Shares of Dynatrace, Inc. (NYSE:DT)

Harbor Capital Advisors Inc. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,381 shares of the company's stock after acquiring an additional 8,517 shares during the period. Harbor Capital Advisors Inc.'s holdings in Dynatrace were worth $5,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace in the 4th quarter valued at about $38,000. Coppell Advisory Solutions LLC increased its holdings in Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after buying an additional 256 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Down 1.9%

Dynatrace stock traded down $1.01 during trading hours on Friday, reaching $53.02. 2,479,344 shares of the company's stock were exchanged, compared to its average volume of 3,026,078. The firm's 50 day simple moving average is $49.40 and its 200 day simple moving average is $52.64. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market capitalization of $15.89 billion, a PE ratio of 33.14, a PEG ratio of 7.05 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly 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 firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. Analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DT. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Tuesday, May 13th. DA Davidson boosted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their price objective on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Loop Capital decreased their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Finally, KeyCorp started coverage on Dynatrace in a research note on Tuesday. They set an "overweight" rating and a $69.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.75.

Insider Buying and Selling

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

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.