MQS Management LLC Makes New $387,000 Investment in Dynatrace, Inc. (NYSE:DT)

MQS Management LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,213 shares of the company's stock, valued at approximately $387,000.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC grew 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 bought a new stake in shares of Dynatrace in the 1st quarter valued at about $40,000. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace in the 1st quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares in the last quarter. Finally, Huntington National Bank lifted its position in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Loop Capital cut their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. KeyCorp began coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. DA Davidson increased their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Barclays upped their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. 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. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average price target of $62.26.

Dynatrace Price Performance

NYSE DT traded up $1.10 on Monday, hitting $52.49. The company had a trading volume of 2,347,444 shares, compared to its average volume of 3,029,764. The company has a market capitalization of $15.84 billion, a PE ratio of 32.81, a PEG ratio of 4.49 and a beta of 0.91. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company's fifty day moving average price is $53.61 and its 200-day moving average price is $52.47.

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

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction 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 owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.57% of the stock is owned by corporate insiders.

About Dynatrace

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.