Dynatrace, Inc. (NYSE:DT) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,134 shares of the company's stock after buying an additional 16,973 shares during the period. Artemis Investment Management LLP owned about 0.12% of Dynatrace worth $16,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC purchased a new position in Dynatrace during the 4th quarter valued at about $242,380,000. Alyeska Investment Group L.P. purchased a new position in shares of Dynatrace during the 4th quarter worth approximately $204,000,000. Norges Bank acquired a new position in shares of Dynatrace during the 4th quarter worth approximately $192,284,000. Raymond James Financial Inc. purchased a new stake in Dynatrace in the 4th quarter valued at approximately $102,209,000. Finally, 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 buying an additional 1,350,794 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president now directly owns 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DT. BMO Capital Markets increased their price objective on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Tuesday, May 13th. Barclays raised their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Stock Performance

Shares of NYSE:DT traded up $0.30 during mid-day trading on Monday, hitting $55.19. 2,627,213 shares of the company traded hands, compared to its average volume of 2,983,987. The firm's 50 day simple moving average is $51.75 and its 200 day simple moving average is $52.44. The firm has a market cap of $16.54 billion, a P/E ratio of 34.49, a PEG ratio of 4.80 and a beta of 0.92. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released 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. The business had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The business's revenue was up 16.9% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. Equities research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.