New Age Alpha Advisors LLC Purchases New Position in Dynatrace, Inc. (NYSE:DT)

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in Dynatrace, Inc. valued at approximately $302,000, purchasing 6,400 shares of the company.
• Several large investors have recently increased their stakes in Dynatrace, with Dragoneer Investment Group LLC buying approximately $242 million worth of shares.
• Analysts maintain a consensus rating of "Moderate Buy" for Dynatrace, with an average price target of $62.57 following multiple upgrades from various brokerages.

New Age Alpha Advisors LLC bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,400 shares of the company's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keybank National Association OH boosted its position in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after buying an additional 170,380 shares during the period. Bridges Investment Management Inc. boosted its position in Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after buying an additional 11,234 shares during the period. Asset Management One Co. Ltd. boosted its position in Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after buying an additional 4,697 shares during the period. Teacher Retirement System of Texas purchased a new stake in Dynatrace during the first quarter valued at about $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new stake in Dynatrace during the first quarter valued at about $3,846,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm'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 completion of the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on DT shares. DA Davidson upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on shares of Dynatrace in a research report on Thursday, May 15th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective for the company. Finally, Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.57.

Dynatrace Price Performance

DT stock traded up $0.71 during trading on Tuesday, reaching $46.75. The company had a trading volume of 4,856,065 shares, compared to its average volume of 3,063,847. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market cap of $14.10 billion, a P/E ratio of 28.68, a PEG ratio of 3.97 and a beta of 0.91. The business has a 50 day moving average of $53.41 and a 200 day moving average of $52.27.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. 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.