40,172 Shares in Dynatrace, Inc. (NYSE:DT) Bought by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG invested approximately $1.89 million in Dynatrace, acquiring 40,172 shares of the company in the first quarter.
• Dynatrace's stock experienced a decline of 4.0%, with shares priced at $50.49, while the company has a market cap of $15.24 billion and reported a revenue increase of 16.9% year-over-year.
• Analysts generally hold a positive outlook on Dynatrace, with a consensus rating of "Moderate Buy" and an average price target of $62.35.

J. Safra Sarasin Holding AG bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,172 shares of the company's stock, valued at approximately $1,894,000.

A number of other hedge funds also recently modified their holdings of the stock. Coppell Advisory Solutions LLC raised its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares in the last quarter. CX Institutional purchased a new position in shares of Dynatrace during the 1st quarter worth $40,000. Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace during the 1st quarter valued at $45,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares in the last quarter. Finally, Huntington National Bank boosted its position in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of DT stock traded down $0.99 during trading hours on Tuesday, hitting $50.62. 3,586,575 shares of the company's stock were exchanged, compared to its average volume of 2,338,825. The stock's 50-day moving average is $54.15 and its 200-day moving average is $52.52. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. 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 posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Equities research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president owned 17,242 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DT shares. BMO Capital Markets boosted their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Royal Bank Of Canada increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday. The Goldman Sachs Group raised their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.35.

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.