Jackson Creek Investment Advisors LLC Takes Position in Dynatrace, Inc. (NYSE:DT)

Jackson Creek Investment Advisors LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,445 shares of the company's stock, valued at approximately $351,000.

Several other hedge funds also recently bought and sold shares of DT. Proficio Capital Partners LLC bought a new position in shares of Dynatrace in the fourth quarter worth approximately $1,057,000. Avantax Advisory Services Inc. grew its stake in Dynatrace by 5.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,382 shares of the company's stock worth $782,000 after buying an additional 720 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Dynatrace in the 4th quarter worth $258,000. Xponance Inc. increased its holdings in shares of Dynatrace by 5.6% in the 4th quarter. Xponance Inc. now owns 77,287 shares of the company's stock worth $4,201,000 after buying an additional 4,091 shares during the last quarter. Finally, Vinva Investment Management Ltd purchased a new stake in shares of Dynatrace during the 4th quarter valued at $373,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm'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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley set a $55.00 target price on Dynatrace in a research note on Thursday, May 15th. 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 research report on Thursday, May 15th. BMO Capital Markets raised their price objective on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Loop Capital cut their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Finally, KeyCorp assumed coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.26.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $53.26 on Friday. The business has a 50-day moving average of $54.07 and a 200 day moving average of $52.44. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million during 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 business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share 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.

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