Lecap Asset Management Ltd. Invests $3.85 Million in Dynatrace, Inc. (NYSE:DT)

Lecap Asset Management Ltd. bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 81,562 shares of the company's stock, valued at approximately $3,846,000. Dynatrace makes up approximately 0.9% of Lecap Asset Management Ltd.'s holdings, making the stock its 9th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. S.A. Mason LLC bought a new stake in shares of Dynatrace in the 1st quarter worth about $58,000. Moran Wealth Management LLC purchased a new position in shares of Dynatrace in the 1st quarter worth approximately $5,757,000. Asset Management One Co. Ltd. lifted its holdings in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after purchasing an additional 4,697 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Dynatrace by 7.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 34,443 shares of the company's stock worth $1,624,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Illumine Investment Management LLC grew its stake in shares of Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock worth $1,585,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was 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 now directly owns 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 legal filing with the SEC, which is available through this link. Company insiders own 0.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DT. KeyCorp started coverage on Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target for the company. Barclays raised their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" 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. Royal Bank Of Canada boosted their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Loop Capital decreased their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

Dynatrace Price Performance

Shares of DT stock traded down $1.06 during trading on Wednesday, hitting $54.70. 2,037,112 shares of the stock traded hands, compared to its average volume of 3,005,099. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $16.39 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 4.77 and a beta of 0.92. The firm's fifty day moving average price is $51.04 and its 200-day moving average price is $52.51.

Dynatrace (NYSE:DT - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $435.14 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company's revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.