GAMMA Investing LLC Acquires 196,562 Shares of Dynatrace, Inc. (NYSE:DT)

GAMMA Investing LLC raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 5,404.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,199 shares of the company's stock after purchasing an additional 196,562 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Dynatrace worth $9,439,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. The Goldman Sachs Group lifted their price target on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. BMO Capital Markets upped their price target on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Royal Bank of Canada raised their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.43.

Dynatrace Stock Down 1.4%

Shares of NYSE:DT traded down $0.76 during trading on Monday, reaching $54.24. The stock had a trading volume of 2,223,443 shares, compared to its average volume of 3,071,627. The stock has a fifty day simple moving average of $48.39 and a two-hundred day simple moving average of $52.65. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 7.05 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last announced its 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 29.51% and a return on equity of 8.98%. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same quarter last year, the firm posted $0.30 EPS. The business's quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.