Pacer Advisors Inc. Grows Holdings in Dynatrace, Inc. (NYSE:DT)

Key Points

• Pacer Advisors Inc. increased its stake in Dynatrace, Inc. by 75.0%, acquiring an additional 107,035 shares, bringing its total ownership to approximately 249,783 shares valued at about $11.8 million.
• Dynatrace reported a quarterly earnings per share of $0.33, exceeding estimates, with a revenue of $445.17 million, up 16.9% year-over-year.
• Analysts have set new price targets for Dynatrace shares, with most recent targets ranging from $55.00 to $69.00, resulting in an average target price of $62.35.

Pacer Advisors Inc. grew its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 75.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,783 shares of the company's stock after purchasing an additional 107,035 shares during the quarter. Pacer Advisors Inc. owned approximately 0.08% of Dynatrace worth $11,777,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its stake in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional bought a new position in shares of Dynatrace in the first quarter valued at $40,000. Huntington National Bank lifted its stake in shares of Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Dynatrace in the first quarter valued at $45,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake 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 buying an additional 256 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DT shares. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. Loop Capital lowered their target price on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. DA Davidson increased 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. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $62.35.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the company's 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 sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

Dynatrace Stock Down 1.3%

Shares of NYSE:DT traded down $0.70 during midday trading on Wednesday, reaching $53.92. The company's stock had a trading volume of 525,085 shares, compared to its average volume of 2,939,336. The firm has a 50 day moving average of $54.27 and a 200-day moving average of $52.47. The firm has a market capitalization of $16.27 billion, a P/E ratio of 33.70, a PEG ratio of 4.78 and a beta of 0.91. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

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

Dynatrace 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.