Stanley Laman Group Ltd. Buys 117,251 Shares of Dynatrace, Inc. (NYSE:DT)

Stanley Laman Group Ltd. raised its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 998.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,993 shares of the company's stock after purchasing an additional 117,251 shares during the period. Dynatrace accounts for approximately 0.9% of Stanley Laman Group Ltd.'s investment portfolio, making the stock its 17th biggest position. Stanley Laman Group Ltd.'s holdings in Dynatrace were worth $6,082,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $38,000. Coppell Advisory Solutions LLC boosted its stake in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the period. CX Institutional acquired a new stake in Dynatrace during the first quarter worth approximately $40,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in 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 acquiring an additional 256 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the 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 completion of the sale, the executive vice president now directly owns 17,242 shares in the company, 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 SEC, which is accessible through this link. Insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several analyst reports. Barclays increased their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. DA Davidson raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. The Goldman Sachs Group lifted their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Tuesday, May 13th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.75.

Dynatrace Stock Down 1.9%

Shares of DT stock traded down $1.01 during trading hours on Friday, hitting $53.02. 2,479,344 shares of the company's stock traded hands, compared to its average volume of 3,026,078. The stock has a market cap of $15.89 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 7.05 and a beta of 0.92. The stock's 50 day simple moving average is $49.40 and its 200 day simple moving average is $52.62. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The business had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same period last year, the company earned $0.30 EPS. Dynatrace's revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

About Dynatrace

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.