Walter Public Investments Inc. Acquires 12,622 Shares of Dynatrace, Inc. (NYSE:DT)

Walter Public Investments Inc. increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 288,331 shares of the company's stock after buying an additional 12,622 shares during the quarter. Dynatrace comprises about 2.5% of Walter Public Investments Inc.'s portfolio, making the stock its 20th biggest position. Walter Public Investments Inc. owned approximately 0.10% of Dynatrace worth $13,595,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Dynatrace in the fourth quarter worth approximately $242,380,000. Alyeska Investment Group L.P. purchased a new stake in shares of Dynatrace in the fourth quarter worth approximately $204,000,000. Norges Bank purchased a new stake in shares of Dynatrace in the fourth quarter worth approximately $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Dynatrace by 53.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after purchasing an additional 1,350,794 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Dynatrace in the fourth quarter worth approximately $51,731,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research analyst reports. Bank of America increased their price target on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. BMO Capital Markets increased their price target on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on Dynatrace in a research report on Thursday, May 15th. Loop Capital decreased their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group increased their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.26.

Dynatrace Stock Down 0.6%

NYSE:DT traded down $0.33 during trading hours on Tuesday, hitting $56.31. 3,655,042 shares of the company's stock traded hands, compared to its average volume of 2,986,909. The firm has a market cap of $16.87 billion, a P/E ratio of 35.19, a P/E/G ratio of 4.94 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The business's fifty day simple moving average is $53.07 and its two-hundred day simple moving average is $52.49.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly 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 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company's revenue was up 16.9% compared to the same quarter last year. On average, analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is currently owned by insiders.

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.