LPL Financial LLC Purchases 18,600 Shares of Dynatrace, Inc. (NYSE:DT)

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

Other hedge funds have also added to or reduced their stakes in the company. Dragoneer Investment Group LLC bought a new position in shares of Dynatrace in the 4th quarter valued at $242,380,000. Alyeska Investment Group L.P. bought a new position in shares of Dynatrace in the 4th quarter valued at $204,000,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dynatrace by 53.1% during the 4th 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 acquiring an additional 1,350,794 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in Dynatrace during the 4th quarter worth $51,731,000. Finally, Allianz Asset Management GmbH grew its position in Dynatrace by 587.0% during the 1st quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock worth $47,139,000 after acquiring an additional 854,250 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Dynatrace 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 transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DT shares. KeyCorp started coverage on Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. Royal Bank Of Canada upped their price target on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. UBS Group upped their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Finally, Barclays upped their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.57.

Dynatrace Stock Performance

Shares of Dynatrace stock traded up $0.71 on Tuesday, hitting $46.75. The company had a trading volume of 4,306,603 shares, compared to its average volume of 3,031,835. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 3.97 and a beta of 0.91. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a 50 day moving average of $53.56 and a 200-day moving average of $52.31.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. Dynatrace's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current 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.