Dynatrace, Inc. (NYSE:DT) Holdings Boosted by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Dynatrace by 9.1% during the first quarter, bringing its total holdings to 222,688 shares valued at approximately $10.27 million.
• Dynatrace reported an earnings per share (EPS) of $0.33 for the last quarter, exceeding expectations and marking a 16.9% revenue growth year-over-year.
• Analysts have set mixed price targets for Dynatrace, with a consensus average target price of $62.57 and ratings varying from "hold" to "buy."

LPL Financial LLC raised its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 222,688 shares of the company's stock after purchasing an additional 18,600 shares during the quarter. LPL Financial LLC owned 0.07% of Dynatrace worth $10,268,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Coppell Advisory Solutions LLC boosted its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares in the last quarter. CX Institutional acquired a new position in shares of Dynatrace during the first quarter valued at approximately $40,000. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace during the first quarter valued at approximately $45,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC raised its holdings in shares of Dynatrace by 344.0% during the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock valued at $52,000 after acquiring an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 0.9%

Shares of DT traded up $0.41 on Wednesday, reaching $47.15. The stock had a trading volume of 807,011 shares, compared to its average volume of 3,031,086. The firm has a market capitalization of $14.22 billion, a PE ratio of 28.95, a PEG ratio of 3.97 and a beta of 0.91. The firm has a 50-day moving average of $53.41 and a 200 day moving average of $52.27. 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, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The firm had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the company earned $0.33 EPS. Dynatrace's revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In related 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 transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DT. Bank of America increased their price target on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays increased their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Loop Capital lowered their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. UBS Group increased their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price objective on Dynatrace in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

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.