Dynatrace, Inc. (NYSE:DT) Shares Purchased by Covea Finance

Covea Finance increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 47,000 shares of the company's stock after acquiring an additional 6,500 shares during the period. Covea Finance's holdings in Dynatrace were worth $2,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its holdings in shares of Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after purchasing an additional 9,251 shares during the period. OFI Invest Asset Management acquired a new position in Dynatrace in the fourth quarter valued at about $842,000. Allstate Corp purchased a new position in Dynatrace during the fourth quarter worth about $471,000. Metis Global Partners LLC acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $571,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $1,057,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DT shares. Wedbush reaffirmed an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. Loop Capital lowered their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. BMO Capital Markets increased their target price on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Barclays raised their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Dynatrace Stock Down 2.2%

Shares of Dynatrace stock opened at $54.41 on Friday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a 50 day moving average of $50.57 and a 200 day moving average of $52.60. The company has a market capitalization of $16.31 billion, a P/E ratio of 34.01, a P/E/G ratio of 4.86 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) 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 quarter in the previous year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up 16.9% on a year-over-year basis. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president now owns 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.59% of the company's stock.

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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