Dynatrace, Inc. (NYSE:DT) Shares Acquired by Stanley Laman Group Ltd.

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

Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Dynatrace during the fourth quarter worth approximately $38,000. Coppell Advisory Solutions LLC raised its holdings in Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional purchased a new position in shares of Dynatrace during the 1st quarter worth $40,000. Finally, Huntington National Bank boosted its holdings in shares of Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.59% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Barclays lifted their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Rosenblatt Securities restated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research note on Tuesday, May 13th. Morgan Stanley set a $55.00 price objective on Dynatrace in a research note on Thursday, May 15th. Finally, KeyCorp started coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price on the stock. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Dynatrace Trading Up 2.7%

DT traded up $1.43 during trading hours on Monday, hitting $54.46. The company's stock had a trading volume of 2,654,729 shares, compared to its average volume of 3,056,767. The company has a 50-day simple moving average of $49.40 and a 200 day simple moving average of $52.60. The firm has a market capitalization of $16.32 billion, a PE ratio of 34.04, a PEG ratio of 7.05 and a beta of 0.92. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

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

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.