HighTower Advisors LLC Increases Stake in Dynatrace, Inc. $DT

Key Points

• HighTower Advisors LLC increased its stock holdings in Dynatrace, Inc. by 29.3%, owning 33,558 shares valued at approximately $1.582 million after acquiring additional shares in Q1.
• Multiple institutional investors, including Coppell Advisory Solutions LLC and Global Financial Private Client LLC, have significantly boosted their stakes in Dynatrace, with hedge funds now owning 94.28% of the stock.
• Dynatrace reported earnings of $0.42 per share, beating analyst estimates, with a revenue increase of 19.5% year-on-year, demonstrating strong financial performance for the quarter.

HighTower Advisors LLC increased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 29.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,558 shares of the company's stock after purchasing an additional 7,606 shares during the period. HighTower Advisors LLC's holdings in Dynatrace were worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after acquiring an additional 177 shares during the period. Arkadios Wealth Advisors lifted its stake in Dynatrace by 4.6% during the 1st quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after acquiring an additional 253 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the period. Illumine Investment Management LLC lifted its stake in Dynatrace by 0.8% during the 1st quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after acquiring an additional 278 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in Dynatrace by 1.2% during the 1st quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock valued at $1,175,000 after acquiring an additional 301 shares during the period. Institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was 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 directly owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents 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 link. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley set a $55.00 target price on shares of Dynatrace in a research note on Thursday, May 15th. Barclays upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating 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. The Goldman Sachs Group increased their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Up 1.5%

DT traded up $0.76 during trading on Thursday, reaching $50.88. The company had a trading volume of 3,344,957 shares, compared to its average volume of 3,051,008. The stock has a market cap of $15.34 billion, a P/E ratio of 31.21, a PEG ratio of 4.18 and a beta of 0.91. The business has a 50 day simple moving average of $52.12 and a 200-day simple moving average of $51.56. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same period last year, the company earned $0.33 earnings per share. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal 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.