Oak Thistle LLC Acquires Shares of 30,337 Dynatrace, Inc. (NYSE:DT)

Oak Thistle LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 30,337 shares of the company's stock, valued at approximately $1,430,000.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in Dynatrace by 2.9% during 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 during the period. Quadrant Capital Group LLC grew its holdings in shares of Dynatrace by 6.9% in 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. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after purchasing an additional 256 shares during the period. Illumine Investment Management LLC grew its holdings in shares of Dynatrace by 0.8% in the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after purchasing an additional 278 shares during the period. Finally, GeoWealth Management LLC grew its holdings in shares of Dynatrace by 49.5% in the fourth quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated 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 directly owned 17,242 shares of the company's stock, valued at $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 available at this hyperlink. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Guggenheim raised shares of Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 target price on the stock in a report on Wednesday. Loop Capital reduced their target price 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. DA Davidson raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. Seven 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.35.

Dynatrace Stock Performance

Shares of NYSE DT traded down $0.04 during mid-day trading on Friday, reaching $54.18. 2,000,925 shares of the company traded hands, compared to its average volume of 2,311,227. The company's fifty day moving average is $54.21 and its two-hundred day moving average is $52.42. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a market cap of $16.35 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 4.73 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping 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%. The company's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. Research analysts forecast 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.