Dynatrace, Inc. $DT Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Dynatrace, Inc. by 166.3%, owning 123,430 shares valued at approximately $5.82 million.
• Several institutional investors, including Dragoneer Investment Group and Goldman Sachs Group, have also made significant investments in Dynatrace, resulting in institutional investors owning 94.28% of the company's stock.
• Dynatrace recently reported earnings of $0.42 per share, surpassing analyst estimates of $0.38, with quarterly revenue reaching $477.35 million, up 19.5% year-over-year.

Quantbot Technologies LP grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 166.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,430 shares of the company's stock after acquiring an additional 77,080 shares during the quarter. Quantbot Technologies LP's holdings in Dynatrace were worth $5,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DT. Coppell Advisory Solutions LLC increased its stake in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional purchased a new position in shares of Dynatrace during the 1st quarter worth $40,000. Brooklyn Investment Group grew its holdings in shares of Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace during the 1st quarter worth $45,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DT. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Barclays raised their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Bank of America raised their target price on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their target price on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.63.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company's stock.

Dynatrace Stock Performance

Shares of DT traded up $0.60 during midday trading on Friday, hitting $49.41. The company had a trading volume of 2,819,559 shares, compared to its average volume of 3,487,882. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market capitalization of $14.90 billion, a P/E ratio of 30.31, a P/E/G ratio of 4.29 and a beta of 0.91. The company's 50-day simple moving average is $52.51 and its 200-day simple moving average is $51.73.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the company earned $0.33 EPS. The business's quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts predict that Dynatrace, Inc. will post 0.68 earnings per share 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.