GAM Holding AG Makes New Investment in Dynatrace, Inc. (NYSE:DT)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in DT. QRG Capital Management Inc. increased its holdings in Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after purchasing an additional 9,251 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Dynatrace during the fourth quarter worth about $842,000. Allstate Corp bought a new stake in shares of Dynatrace during the fourth quarter worth about $471,000. Metis Global Partners LLC acquired a new position in shares of Dynatrace in the fourth quarter valued at approximately $571,000. Finally, Proficio Capital Partners LLC bought a new position in Dynatrace in the 4th quarter valued at approximately $1,057,000. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DT shares. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Royal Bank Of Canada increased their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. DA Davidson raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, KeyCorp assumed coverage on Dynatrace in a research report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $61.75.

Dynatrace Stock Performance

Shares of NYSE DT traded down $1.06 during trading on Wednesday, hitting $54.70. 2,037,112 shares of the company traded hands, compared to its average volume of 3,008,335. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 79.66, a P/E/G ratio of 4.87 and a beta of 0.92. The business's fifty day moving average is $51.04 and its 200 day moving average is $52.51. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

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

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president now directly owns 17,242 shares of the company's stock, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.59% of the stock is owned by company insiders.

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.