L & S Advisors Inc Takes Position in Dynatrace, Inc. (NYSE:DT)

Key Points

• L & S Advisors Inc has invested approximately $1.13 million in Dynatrace, acquiring 23,919 shares during the first quarter.
• Dynatrace's stock saw a significant increase in institutional ownership, with over 94% of its shares owned by institutional investors and hedge funds.
• As of its last quarterly report, Dynatrace reported $445.17 million in revenue and a net margin of 28.47%, exceeding analyst expectations for both earnings and revenue.

L & S Advisors Inc acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,919 shares of the company's stock, valued at approximately $1,128,000.

Several other institutional investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in Dynatrace during the 4th quarter worth $12,200,000. Schroder Investment Management Group acquired a new stake in Dynatrace during the 4th quarter worth $332,000. O Shaughnessy Asset Management LLC grew its holdings in Dynatrace by 25.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,853 shares of the company's stock worth $644,000 after acquiring an additional 2,429 shares during the period. Alliancebernstein L.P. grew its holdings in Dynatrace by 54.3% during the 4th quarter. Alliancebernstein L.P. now owns 666,041 shares of the company's stock worth $36,199,000 after acquiring an additional 234,410 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Dynatrace by 460.8% during the 4th quarter. Franklin Resources Inc. now owns 81,099 shares of the company's stock worth $4,408,000 after acquiring an additional 66,638 shares during the period. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Monday. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. BMO Capital Markets boosted their price target on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Finally, Royal Bank Of Canada boosted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.35.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Performance

Shares of NYSE DT traded down $0.99 during trading hours on Tuesday, hitting $50.62. 3,586,575 shares of the stock were exchanged, compared to its average volume of 2,338,825. The company has a market cap of $15.28 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company's fifty day simple moving average is $54.15 and its two-hundred day simple moving average is $52.52. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year 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, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million for 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 firm's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

About Dynatrace

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.