Stephens Investment Management Group LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 566,674 shares of the company's stock, valued at approximately $26,719,000. Stephens Investment Management Group LLC owned approximately 0.19% of Dynatrace at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of DT. Keybank National Association OH boosted its holdings in Dynatrace by 30.0% in the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after purchasing an additional 170,380 shares during the period. Allstate Corp bought a new position in Dynatrace in the 4th quarter valued at $471,000. Asset Management One Co. Ltd. boosted its holdings in Dynatrace by 4.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after purchasing an additional 4,697 shares during the period. Bridges Investment Management Inc. boosted its holdings in Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after purchasing an additional 11,234 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Dynatrace in the 1st quarter valued at $3,846,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
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 transaction, the executive vice president owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.59% of the company's stock.
Wall Street Analyst Weigh In
DT has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price target for the company. DA Davidson lifted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. Barclays lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Loop Capital dropped their price objective on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $62.26.
Check Out Our Latest Analysis on Dynatrace
Dynatrace Stock Performance
NYSE:DT traded down $1.40 during trading hours on Friday, reaching $51.39. The company's stock had a trading volume of 2,506,342 shares, compared to its average volume of 2,998,432. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 4.49 and a beta of 0.91. The firm has a 50-day simple moving average of $53.61 and a 200-day simple moving average of $52.49. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.
Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.33 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 analysts' expectations of $435.14 million. During the same quarter last year, the company earned $0.30 EPS. The firm's revenue was up 16.9% compared to the same quarter last year. Equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.
Dynatrace Company Profile
(
Free Report)
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.
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