Moran Wealth Management LLC Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Moran Wealth Management LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 122,091 shares of the company's stock, valued at approximately $5,757,000.

Several other large investors also recently modified their holdings of DT. Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth $242,380,000. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace during the 4th quarter worth $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace during the 4th quarter worth $192,284,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace during the 4th quarter worth $102,209,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Dynatrace by 53.1% during the 4th 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 in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Down 0.1%

Dynatrace stock traded down $0.08 during trading hours on Friday, hitting $54.85. The stock had a trading volume of 4,155,849 shares, compared to its average volume of 2,985,415. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 4.80 and a beta of 0.92. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The business's 50 day simple moving average is $51.75 and its 200-day simple moving average is $52.47.

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 the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same period last year, the company earned $0.30 earnings per share. The business's quarterly revenue was up 16.9% on a year-over-year basis. Research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. Royal Bank Of Canada raised their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Loop Capital reduced their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Bank of America raised their price objective on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price objective on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and an average price target of $62.26.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by insiders.

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.