Dynatrace, Inc. (NYSE:DT) Position Increased by Versant Capital Management Inc

Versant Capital Management Inc raised its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 308.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,903 shares of the company's stock after acquiring an additional 5,970 shares during the period. Versant Capital Management Inc's holdings in Dynatrace were worth $373,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DT. LaFleur & Godfrey LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth $352,000. Nisa Investment Advisors LLC boosted its position in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the period. Janney Montgomery Scott LLC boosted its position in Dynatrace by 69.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,954 shares of the company's stock worth $813,000 after purchasing an additional 6,154 shares during the period. Blue Trust Inc. boosted its position in Dynatrace by 29.8% during the 4th quarter. Blue Trust Inc. now owns 12,493 shares of the company's stock worth $668,000 after purchasing an additional 2,871 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Dynatrace during the 4th quarter worth $6,430,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DT has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Wedbush reissued an "outperform" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. DA Davidson upped their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group upped their target price on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $61.43.

Dynatrace Stock Performance

Shares of NYSE:DT traded up $0.50 during trading hours on Tuesday, hitting $54.31. The stock had a trading volume of 2,411,134 shares, compared to its average volume of 3,124,394. The stock's fifty day simple moving average is $47.87 and its 200 day simple moving average is $52.58. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business's revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS 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.