LBP AM SA increased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 278.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,422 shares of the company's stock after acquiring an additional 344,005 shares during the quarter. LBP AM SA owned about 0.16% of Dynatrace worth $22,039,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keybank National Association OH increased its holdings in Dynatrace by 30.0% in the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after acquiring an additional 170,380 shares in the last quarter. Allstate Corp purchased a new stake in Dynatrace in the 4th quarter worth approximately $471,000. Asset Management One Co. Ltd. increased its holdings in Dynatrace by 4.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after acquiring an additional 4,697 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Dynatrace in the 1st quarter worth approximately $3,846,000. Finally, Teacher Retirement System of Texas purchased a new stake in Dynatrace in the 1st quarter worth approximately $2,175,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Dynatrace
In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.59% of the company's stock.
Analyst Upgrades and Downgrades
DT has been the subject of several recent analyst reports. DA Davidson upped 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. Wall Street Zen downgraded Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. The Goldman Sachs Group upped their price target on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays upped their price target on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, Loop Capital dropped their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.26.
Read Our Latest Research Report on Dynatrace
Dynatrace Stock Performance
DT stock traded down $1.40 during midday trading on Friday, reaching $51.39. The company's stock had a trading volume of 2,506,342 shares, compared to its average volume of 2,998,432. The stock has a fifty day simple moving average of $53.61 and a two-hundred day simple moving average of $52.49. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 4.49 and a beta of 0.91.
Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. 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 earnings per share. As a group, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.
Dynatrace Company Profile
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Free Report)
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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