QRG Capital Management Inc. Acquires 5,927 Shares of Dynatrace, Inc. (NYSE:DT)

QRG Capital Management Inc. grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,026 shares of the company's stock after buying an additional 5,927 shares during the period. QRG Capital Management Inc.'s holdings in Dynatrace were worth $3,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in Dynatrace in the 1st quarter valued at $45,000. Stanley Laman Group Ltd. increased its position in shares of Dynatrace by 998.6% in the first quarter. Stanley Laman Group Ltd. now owns 128,993 shares of the company's stock worth $6,082,000 after purchasing an additional 117,251 shares during the period. Union Bancaire Privee UBP SA raised its stake in Dynatrace by 3.7% in the first quarter. Union Bancaire Privee UBP SA now owns 128,720 shares of the company's stock valued at $5,869,000 after purchasing an additional 4,560 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in Dynatrace during the first quarter worth about $236,000. Finally, CX Institutional bought a new stake in Dynatrace during the first quarter worth about $40,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the firm'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 $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 is available at this hyperlink. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on DT. BMO Capital Markets boosted their target price on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Stifel Nicolaus lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Bank of America boosted their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. The Goldman Sachs Group raised their target price on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Loop Capital decreased their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Dynatrace Trading Down 0.3%

Shares of NYSE:DT traded down $0.19 during mid-day trading on Thursday, hitting $55.71. 4,028,838 shares of the company traded hands, compared to its average volume of 3,031,120. The stock has a 50-day moving average price of $50.09 and a two-hundred day moving average price of $52.63. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a market cap of $16.69 billion, a P/E ratio of 34.82, a P/E/G ratio of 4.88 and a beta of 0.92.

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, 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 business had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.