Dynatrace, Inc. (NYSE:DT) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 98.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,654 shares of the company's stock after selling 83,419 shares during the period. Lazard Asset Management LLC's holdings in Dynatrace were worth $89,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. Dragoneer Investment Group LLC bought a new position in Dynatrace during the 4th quarter worth approximately $242,380,000. Alyeska Investment Group L.P. bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $204,000,000. Norges Bank bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $192,284,000. Raymond James Financial Inc. bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $102,209,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $73,906,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DT shares. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. DA Davidson boosted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Rosenblatt Securities reissued a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Tuesday, May 13th. BMO Capital Markets increased their price target on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price target on Dynatrace in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $61.43.

Dynatrace Trading Up 0.5%

Shares of DT traded up $0.27 during mid-day trading on Thursday, hitting $53.89. 1,765,005 shares of the company's stock were exchanged, compared to its average volume of 3,122,327. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a market capitalization of $16.13 billion, a P/E ratio of 33.76, a P/E/G ratio of 7.05 and a beta of 0.95. The business's 50 day moving average is $47.68 and its two-hundred day moving average is $52.58.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business's quarterly revenue was up 16.9% compared to the same quarter last year. On average, equities research analysts forecast 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.