GAM Holding AG Acquires New Holdings in Dynatrace, Inc. (NYSE:DT)

GAM Holding AG acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,989 shares of the company's stock, valued at approximately $1,650,000.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace in the 4th quarter worth approximately $38,000. Coppell Advisory Solutions LLC increased its position in Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares during the period. CX Institutional bought a new position in Dynatrace in the 1st quarter worth approximately $40,000. Finally, Huntington National Bank increased its position in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after buying an additional 606 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

Shares of NYSE:DT opened at $54.41 on Friday. The business's fifty day moving average price is $50.57 and its two-hundred day moving average price is $52.55. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 4.75 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 9.08% and a net margin of 28.47%. The business's revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DT. UBS Group lifted their price target on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on Dynatrace in a research report on Thursday, May 15th. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. Finally, Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Insiders Place Their Bets

In other Dynatrace 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 transaction, the executive vice president now owns 17,242 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.59% of the company's stock.

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.

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