Forum Financial Management LP Takes Position in Dynatrace, Inc. (NYSE:DT)

Forum Financial Management LP bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,752 shares of the company's stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new stake in Dynatrace in the fourth quarter worth about $242,380,000. Alyeska Investment Group L.P. acquired a new position in shares of Dynatrace in the 4th quarter valued at $204,000,000. Norges Bank purchased a new stake in shares of Dynatrace in the 4th quarter valued at $192,284,000. Raymond James Financial Inc. purchased a new stake in Dynatrace during the 4th quarter worth about $102,209,000. Finally, TimesSquare Capital Management LLC purchased a new stake in Dynatrace during the 4th quarter worth about $73,906,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of NYSE DT traded up $0.21 during mid-day trading on Friday, hitting $54.09. 5,094,933 shares of the company's stock traded hands, compared to its average volume of 3,135,108. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $16.21 billion, a P/E ratio of 33.81, a PEG ratio of 7.05 and a beta of 0.95. The company's 50-day moving average is $47.75 and its two-hundred day moving average is $52.58.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results 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 net margin of 29.51% and a return on equity of 8.98%. The company had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same period last year, the firm earned $0.30 earnings per share. Dynatrace's revenue was up 16.9% compared to the same quarter last year. Equities analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Wedbush reissued an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. Loop Capital reduced their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Finally, Bank of America boosted their price objective on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.43.

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.