Lecap Asset Management Ltd. Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Lecap Asset Management Ltd. purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 81,562 shares of the company's stock, valued at approximately $3,846,000. Dynatrace comprises approximately 0.9% of Lecap Asset Management Ltd.'s holdings, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in DT. Dragoneer Investment Group LLC purchased a new position in shares of Dynatrace during the fourth quarter worth $242,380,000. Alyeska Investment Group L.P. purchased a new position in shares of Dynatrace during the fourth quarter worth $204,000,000. Norges Bank purchased a new position in shares of Dynatrace during the fourth quarter worth $192,284,000. Raymond James Financial Inc. purchased a new position in shares of Dynatrace during the fourth quarter worth $102,209,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after purchasing an additional 1,350,794 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.08 on Friday, reaching $54.85. The company had a trading volume of 4,155,849 shares, compared to its average volume of 2,996,211. The firm's 50 day moving average price is $51.75 and its two-hundred day moving average price is $52.49. The firm has a market cap of $16.44 billion, a PE ratio of 34.28, a PEG ratio of 4.80 and a beta of 0.92. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

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

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on DT shares. KeyCorp started coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Bank of America raised their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Barclays raised their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.26.

Dynatrace Company 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.