54,006 Shares in Dynatrace, Inc. $DT Bought by Element Capital Management LLC

Key Points

• Element Capital Management LLC has made a new investment of approximately $2.55 million in Dynatrace, acquiring 54,006 shares during the first quarter.
• High institutional ownership is evident, with 94.28% of Dynatrace's stock held by institutional investors and hedge funds.
• Dynatrace's stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $62.57.

Element Capital Management LLC acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 54,006 shares of the company's stock, valued at approximately $2,546,000.

Several other hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC raised its stake in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new stake in shares of Dynatrace during the 1st quarter valued at $40,000. Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace during the 1st quarter valued at $45,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after purchasing an additional 256 shares during the period. Finally, Global Financial Private Client LLC raised its stake in shares of Dynatrace by 344.0% during the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock valued at $52,000 after purchasing an additional 860 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction on Monday, June 9th. The stock was 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 owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by corporate insiders.

Dynatrace Stock Up 0.6%

Shares of NYSE DT traded up $0.2840 during trading on Tuesday, reaching $49.1240. The company had a trading volume of 3,928,029 shares, compared to its average volume of 3,050,238. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business's 50-day moving average is $52.89 and its 200 day moving average is $51.97. The stock has a market cap of $14.81 billion, a PE ratio of 30.14, a P/E/G ratio of 4.19 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same period in the prior year, the firm posted $0.33 EPS. Dynatrace's revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DT. DA Davidson boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wedbush restated an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, May 16th. Royal Bank Of Canada upped their target price on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Citigroup dropped their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday. Finally, Barclays lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $62.63.

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.