Dynatrace, Inc. (NYSE:DT) Position Raised by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 883,314 shares of the company's stock after purchasing an additional 4,776 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Dynatrace worth $41,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Global Financial Private Client LLC lifted its position in Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after buying an additional 860 shares during the last quarter. Summit Global Investments bought a new stake in Dynatrace in the first quarter worth $888,000. GAMMA Investing LLC lifted its position in Dynatrace by 5,404.5% in the first quarter. GAMMA Investing LLC now owns 200,199 shares of the company's stock worth $9,439,000 after buying an additional 196,562 shares during the last quarter. Versant Capital Management Inc lifted its position in Dynatrace by 308.8% in the first quarter. Versant Capital Management Inc now owns 7,903 shares of the company's stock worth $373,000 after buying an additional 5,970 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 1.5%

Shares of Dynatrace stock traded up $0.83 during trading hours on Thursday, reaching $54.93. 2,584,374 shares of the company's stock were exchanged, compared to its average volume of 3,109,597. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The company has a fifty day moving average of $48.09 and a 200-day moving average of $52.60.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results 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 return on equity of 8.98% and a net margin of 29.51%. The firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on DT shares. The Goldman Sachs Group increased their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays increased their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus raised their price target on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average target price of $61.43.

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.