Allianz Asset Management GmbH Acquires 854,250 Shares of Dynatrace, Inc. (NYSE:DT)

Allianz Asset Management GmbH grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 587.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 999,766 shares of the company's stock after purchasing an additional 854,250 shares during the quarter. Allianz Asset Management GmbH owned about 0.33% of Dynatrace worth $47,139,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Dragoneer Investment Group LLC acquired a new stake in Dynatrace in the 4th quarter valued at approximately $242,380,000. Alyeska Investment Group L.P. bought a new stake in shares of Dynatrace in the fourth quarter valued at approximately $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace in the fourth quarter worth $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 acquiring an additional 1,350,794 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Dynatrace during the fourth quarter worth $51,731,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of research reports. Bank of America increased their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group increased 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. Rosenblatt Securities restated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research note on Tuesday, May 13th. Royal Bank Of Canada raised their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, DA Davidson lifted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Seven investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.35.

Insiders Place Their Bets

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 value of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is owned by company insiders.

Dynatrace Trading Down 0.1%

NYSE DT traded down $0.04 on Friday, hitting $54.18. 2,000,925 shares of the company were exchanged, compared to its average volume of 2,311,227. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The firm has a 50 day moving average of $54.21 and a two-hundred day moving average of $52.42. The company has a market cap of $16.35 billion, a P/E ratio of 33.86, a P/E/G ratio of 4.73 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. 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 previous year, the firm posted $0.30 earnings per share. The company's revenue was up 16.9% on a year-over-year basis. Research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal 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.