Quarry LP Grows Stock Holdings in Dynatrace, Inc. $DT

Key Points

• Quarry LP significantly increased its ownership in Dynatrace, Inc. by purchasing 6,025 shares, a boost of 2,008.3%, raising its total holdings to 6,325 shares valued at approximately $298,000.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, exceeding analyst expectations of $0.38 and showing a 19.5% year-over-year revenue growth.
• Analysts have a generally positive outlook on Dynatrace, with an average target price of $62.72 and ratings ranging from Strong Buy to Moderate Buy.

Quarry LP boosted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 2,008.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,325 shares of the company's stock after purchasing an additional 6,025 shares during the period. Quarry LP's holdings in Dynatrace were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Dynatrace by 0.5% in the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after purchasing an additional 157,523 shares during the period. Janus Henderson Group PLC lifted its position 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 period. Goldman Sachs Group Inc. lifted its position in shares of Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after acquiring an additional 1,124,207 shares during the period. American Century Companies Inc. lifted its position in shares of Dynatrace by 3.1% during the 1st quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock valued at $367,833,000 after acquiring an additional 230,967 shares during the period. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace during the 4th quarter valued at approximately $242,380,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of research reports. Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Wedbush reiterated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. UBS Group lifted their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Dynatrace Stock Down 0.5%

Shares of Dynatrace stock traded down $0.27 during trading on Wednesday, hitting $50.26. 2,588,301 shares of the company were exchanged, compared to its average volume of 3,646,092. 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 capitalization of $15.15 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 4.45 and a beta of 0.91. The firm has a 50 day moving average price of $51.68 and a 200 day moving average price of $51.18.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) 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 firm had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same period in the previous year, the firm posted $0.33 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The stock was 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 in the company, valued at $940,033.84. The trade was 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 corporate insiders.

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.