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

Artemis Investment Management LLP boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 360,134 shares of the company's stock after acquiring an additional 16,973 shares during the period. Artemis Investment Management LLP owned 0.12% of Dynatrace worth $16,980,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after purchasing an additional 484,877 shares during the period. Janus Henderson Group PLC boosted its position in Dynatrace by 5.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after buying an additional 493,987 shares during the period. American Century Companies Inc. grew its stake in shares of Dynatrace by 10.2% in the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after acquiring an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Dynatrace by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after acquiring an additional 834,225 shares during the period. Finally, Geode Capital Management LLC raised its position in Dynatrace by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after purchasing an additional 87,857 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DT. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price target for the company. Morgan Stanley set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, May 15th. The Goldman Sachs Group boosted their price objective on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, May 16th. Finally, DA Davidson raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average target price of $61.75.

Dynatrace Trading Up 0.6%

Shares of DT opened at $55.01 on Friday. 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 $16.48 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 4.78 and a beta of 0.92. The stock's fifty day simple moving average is $51.51 and its 200 day simple moving average is $52.51.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The company had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period last year, the business posted $0.30 EPS. The company's quarterly revenue was up 16.9% compared to the same quarter last year. Sell-side analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction dated Monday, June 9th. The stock was 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 $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by 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.

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