Vanguard Group Inc. Acquires 157,523 Shares of Dynatrace, Inc. (NYSE:DT)

Vanguard Group Inc. increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,318,707 shares of the company's stock after buying an additional 157,523 shares during the period. Vanguard Group Inc. owned 10.13% of Dynatrace worth $1,429,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Coppell Advisory Solutions LLC increased 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 bought a new stake in Dynatrace in the first quarter valued at approximately $40,000. Opal Wealth Advisors LLC acquired a new stake in Dynatrace during the 1st quarter valued at approximately $45,000. MassMutual Private Wealth & Trust FSB raised its holdings 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 purchasing an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Dynatrace by 344.0% in the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.57% of the company's stock.

Dynatrace Price Performance

DT traded up $0.71 on Tuesday, hitting $46.75. The company had a trading volume of 4,856,065 shares, compared to its average volume of 3,063,847. The stock has a fifty day simple moving average of $53.41 and a 200-day simple moving average of $52.27. The firm has a market capitalization of $14.10 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.97 and a beta of 0.91. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company's quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DT has been the subject of several recent research reports. Guggenheim upped their price target on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Barclays upped their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Loop Capital dropped their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective for the company. Finally, UBS Group increased their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.57.

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.