Dynatrace, Inc. (NYSE:DT) Holdings Boosted by Covea Finance

Covea Finance grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,000 shares of the company's stock after buying an additional 6,500 shares during the period. Covea Finance's holdings in Dynatrace were worth $2,216,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DT. Smartleaf Asset Management LLC boosted its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the period. Captrust Financial Advisors boosted its stake in Dynatrace by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after acquiring an additional 177 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock valued at $183,000 after purchasing an additional 216 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after purchasing an additional 253 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on DT shares. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley set a $55.00 target price on Dynatrace in a research note on Thursday, May 15th. BMO Capital Markets upped their price target on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Barclays increased their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada boosted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $61.75.

Dynatrace Stock Up 2.2%

Dynatrace stock traded up $1.18 during midday trading on Tuesday, hitting $55.75. The company's stock had a trading volume of 2,151,523 shares, compared to its average volume of 3,008,880. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market capitalization of $16.71 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 4.75 and a beta of 0.92. The stock's 50-day moving average price is $50.79 and its 200-day moving average price is $52.49.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $435.14 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business's revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Dynatrace

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 transaction, the executive vice president now owns 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Dynatrace Company 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.