Dynatrace, Inc. (NYSE:DT) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. decreased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 57.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,575 shares of the company's stock after selling 8,950 shares during the period. New England Research & Management Inc.'s holdings in Dynatrace were worth $310,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the last quarter. Captrust Financial Advisors grew its position in Dynatrace by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after acquiring an additional 177 shares in the last quarter. Quadrant Capital Group LLC raised its position in Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock valued at $183,000 after purchasing an additional 216 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock valued at $500,000 after buying an additional 222 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after buying an additional 253 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT traded up $1.44 during midday trading on Tuesday, reaching $55.92. The stock had a trading volume of 5,293,806 shares, compared to its average volume of 3,033,465. The company's fifty day simple moving average is $49.88 and its two-hundred day simple moving average is $52.61. The company has a market cap of $16.76 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 4.76 and a beta of 0.92. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly 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. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated Monday, June 9th. The shares were 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 approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

DT has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Stifel Nicolaus lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Royal Bank Of Canada raised their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $61.75.

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.