Simon Quick Advisors LLC Makes New $236,000 Investment in Dynatrace, Inc. (NYSE:DT)

Simon Quick Advisors LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,995 shares of the company's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after acquiring an additional 9,251 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $842,000. Allstate Corp bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $471,000. Metis Global Partners LLC bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $571,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Dynatrace in the 4th quarter worth approximately $73,906,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction 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 transaction, the executive vice president now directly owns 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Up 2.6%

NYSE:DT traded up $1.44 on Tuesday, hitting $55.92. The stock had a trading volume of 5,293,806 shares, compared to its average volume of 3,033,634. The business's 50-day simple moving average is $49.67 and its two-hundred day simple moving average is $52.58. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 77.83, a price-to-earnings-growth ratio of 4.76 and a beta of 0.92. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm's revenue was up 16.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

DT has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. The Goldman Sachs Group increased their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.75.

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.