QRG Capital Management Inc. Has $3.30 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

QRG Capital Management Inc. increased its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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.

Several other large investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% in the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the 4th quarter valued at $38,000. Coppell Advisory Solutions LLC grew its position in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the last quarter. CX Institutional purchased a new position in shares of Dynatrace in the 1st quarter valued at $40,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace in the 1st quarter valued at $45,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were 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 $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DT has been the topic of several research reports. UBS Group raised their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Wall Street Zen upgraded Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. DA Davidson raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.75.

Dynatrace Stock Down 2.2%

Shares of DT traded down $1.24 during mid-day trading on Friday, reaching $54.41. 3,864,342 shares of the stock traded hands, compared to its average volume of 3,014,040. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 4.75 and a beta of 0.92. The stock has a fifty day simple moving average of $50.57 and a 200 day simple moving average of $52.55.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same period in the previous year, the company earned $0.30 earnings per share. Dynatrace's quarterly revenue was up 16.9% on a year-over-year basis. On average, equities research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal 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.