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

Simon Quick Advisors LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,995 shares of the company's stock, valued at approximately $236,000.

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

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president now owns 17,242 shares of the company's stock, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DT shares. Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. Loop Capital decreased their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley set a $55.00 price objective on Dynatrace in a research note on Thursday, May 15th. The Goldman Sachs Group increased their price objective on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, DA Davidson raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Eight 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Dynatrace Stock Down 0.3%

NYSE:DT traded down $0.19 during trading hours on Thursday, hitting $55.71. 4,028,838 shares of the company's stock traded hands, compared to its average volume of 3,031,120. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The business's fifty day simple moving average is $50.09 and its two-hundred day simple moving average is $52.63. The firm has a market cap of $16.69 billion, a P/E ratio of 34.82, a P/E/G ratio of 4.88 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.