KLP Kapitalforvaltning AS Acquires 12,800 Shares of Dynatrace, Inc. (NYSE:DT)

KLP Kapitalforvaltning AS boosted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 12.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,800 shares of the company's stock after buying an additional 12,800 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Dynatrace were worth $5,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its position in Dynatrace by 68.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 342,029 shares of the company's stock worth $17,120,000 after buying an additional 139,204 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Dynatrace by 16.0% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 117,069 shares of the company's stock valued at $5,520,000 after purchasing an additional 16,164 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Dynatrace in the first quarter valued at $2,647,000. Allianz Asset Management GmbH grew its position in Dynatrace by 587.0% during the first quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock worth $47,139,000 after buying an additional 854,250 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Dynatrace by 125.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 207,323 shares of the company's stock worth $9,776,000 after buying an additional 115,200 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DT has been the subject of a number of recent research reports. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Barclays upped their price objective on 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 reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Loop Capital lowered their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Finally, KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price on the stock. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.35.

Dynatrace Stock Performance

Shares of Dynatrace stock traded up $0.22 during trading hours on Monday, reaching $54.37. The company's stock had a trading volume of 278,840 shares, compared to its average volume of 2,953,238. The company's 50 day simple moving average is $54.21 and its 200 day simple moving average is $52.43. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The stock has a market cap of $16.41 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 4.73 and a beta of 0.91.

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

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

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.