Dynatrace, Inc. (NYSE:DT) Shares Purchased by Lbp Am Sa

LBP AM SA raised its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 278.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 467,422 shares of the company's stock after purchasing an additional 344,005 shares during the period. LBP AM SA owned 0.16% of Dynatrace worth $22,039,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace in the fourth quarter valued at approximately $38,000. Coppell Advisory Solutions LLC increased its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the last quarter. CX Institutional purchased a new position in Dynatrace in the first quarter valued at approximately $40,000. Finally, Huntington National Bank increased its stake in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after purchasing an additional 606 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group increased their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Loop Capital lowered their target price on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group raised their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays raised their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.26.

Dynatrace Stock Performance

Dynatrace stock traded down $3.40 during midday trading on Thursday, reaching $52.79. The company's stock had a trading volume of 3,462,038 shares, compared to its average volume of 2,993,506. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock's 50 day simple moving average is $53.54 and its 200 day simple moving average is $52.53. The firm has a market capitalization of $15.93 billion, a PE ratio of 33.00, a P/E/G ratio of 4.91 and a beta of 0.91.

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

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was 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 owned 17,242 shares of the company's stock, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by company 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.