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Federated Hermes Inc. Raises Holdings in Dynatrace, Inc. (NYSE:DT)

Dynatrace logo with Computer and Technology background

Federated Hermes Inc. boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 995.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 645,428 shares of the company's stock after purchasing an additional 586,494 shares during the period. Federated Hermes Inc. owned about 0.22% of Dynatrace worth $30,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Coppell Advisory Solutions LLC raised its position in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares during the period. CX Institutional acquired a new position in shares of Dynatrace in the first quarter worth about $40,000. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace in the first quarter worth about $45,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares during the period. Finally, Huntington National Bank raised its position in shares of Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Down 4.0%

Shares of Dynatrace stock traded down $2.12 during mid-day trading on Friday, hitting $50.49. The stock had a trading volume of 2,527,105 shares, compared to its average volume of 2,228,002. The firm has a 50-day moving average of $54.19 and a two-hundred day moving average of $52.49. 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 $15.24 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS 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 firm had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same period last year, the business earned $0.30 EPS. Dynatrace's revenue for the quarter was up 16.9% compared to the same quarter last year. Sell-side analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on DT shares. BMO Capital Markets upped their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Barclays upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Guggenheim upgraded shares of Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 price target for the company in a research report on Wednesday, July 23rd. Finally, Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.35.

Read Our Latest Stock Analysis on DT

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company's stock.

About Dynatrace

(Free Report)

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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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