Tidal Investments LLC Has $2.23 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Tidal Investments LLC raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,948 shares of the company's stock after purchasing an additional 5,835 shares during the period. Tidal Investments LLC's holdings in Dynatrace were worth $2,226,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Dynatrace by 40.5% during 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 shares of Dynatrace during the fourth quarter worth $38,000. Coppell Advisory Solutions LLC raised its holdings in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares during the period. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the period. Finally, Huntington National Bank boosted its position 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 buying an additional 606 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $61.43.

Dynatrace Stock Up 1.1%

Shares of NYSE:DT opened at $54.18 on Friday. The company's fifty day moving average is $47.36 and its 200 day moving average is $52.60. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a market cap of $16.22 billion, a PE ratio of 33.86, a PEG ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. Dynatrace's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. Sell-side analysts anticipate 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.

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