Moran Wealth Management LLC Invests $5.76 Million in Dynatrace, Inc. (NYSE:DT)

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

Several other hedge funds also recently added to or reduced their stakes in DT. QRG Capital Management Inc. boosted its holdings in shares of Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock valued at $3,484,000 after buying an additional 9,251 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Dynatrace in the fourth quarter valued at $842,000. Allstate Corp acquired a new position in Dynatrace in the fourth quarter valued at $471,000. Metis Global Partners LLC purchased a new position in shares of Dynatrace during the fourth quarter worth about $571,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth about $1,057,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DT. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. BMO Capital Markets raised their target price on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Royal Bank Of Canada upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price target on shares of Dynatrace in a research note on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $61.75.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.59% of the company's stock.

Dynatrace Trading Down 1.9%

Shares of DT traded down $1.06 during mid-day trading on Wednesday, hitting $54.70. The company's stock had a trading volume of 2,036,982 shares, compared to its average volume of 3,005,099. 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 $16.39 billion, a P/E ratio of 34.19, a P/E/G ratio of 4.77 and a beta of 0.92. The firm has a 50-day simple moving average of $51.04 and a 200 day simple moving average of $52.51.

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. The company had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. Dynatrace's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. As a group, sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal 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.