Edgestream Partners L.P. Makes New $9.18 Million Investment in Dynatrace, Inc. (NYSE:DT)

Edgestream Partners L.P. purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 194,765 shares of the company's stock, valued at approximately $9,183,000. Edgestream Partners L.P. owned approximately 0.07% of Dynatrace as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in Dynatrace by 36.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,813 shares of the company's stock valued at $99,000 after purchasing an additional 482 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock worth $78,000 after buying an additional 911 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Dynatrace by 6.3% during the fourth quarter. Atria Investments Inc now owns 7,656 shares of the company's stock valued at $416,000 after buying an additional 455 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Dynatrace in the 4th quarter worth $1,057,000. Finally, PNC Financial Services Group Inc. raised its position in Dynatrace by 3.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,731 shares of the company's stock worth $1,888,000 after buying an additional 1,052 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Up 2.1%

Shares of NYSE:DT traded up $1.10 on Monday, reaching $52.49. The company had a trading volume of 2,347,444 shares, compared to its average volume of 3,029,764. The firm's 50 day simple moving average is $53.61 and its 200-day simple moving average is $52.47. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $15.84 billion, a PE ratio of 32.81, a PEG ratio of 4.49 and a beta of 0.91.

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

Insider Transactions 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 sale, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. Royal Bank Of Canada raised their price target on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.26.

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.