Proficio Capital Partners LLC Increases Position in Dynatrace, Inc. (NYSE:DT)

Proficio Capital Partners LLC lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 124.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,749 shares of the company's stock after acquiring an additional 24,292 shares during the quarter. Proficio Capital Partners LLC's holdings in Dynatrace were worth $2,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after buying an additional 484,877 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after acquiring an additional 493,987 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after acquiring an additional 834,225 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after purchasing an additional 87,857 shares during the period. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of Dynatrace during the 4th quarter worth about $242,380,000. Institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the business'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 sale, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DT. Bank of America increased their price target on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Barclays boosted their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Tuesday, May 13th. Wedbush reaffirmed an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.26.

Dynatrace Trading Up 0.3%

Shares of DT stock traded up $0.14 during midday trading on Tuesday, reaching $52.72. 491,351 shares of the stock were exchanged, compared to its average volume of 2,979,451. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market cap of $15.91 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company's 50 day moving average is $54.07 and its two-hundred day moving average is $52.41.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same period in the previous year, the company earned $0.30 earnings per share. The business's quarterly revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal 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.

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