WCM Investment Management LLC Acquires 13,499 Shares of Dynatrace, Inc. (NYSE:DT)

WCM Investment Management LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 46.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,677 shares of the company's stock after acquiring an additional 13,499 shares during the period. WCM Investment Management LLC's holdings in Dynatrace were worth $2,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC increased its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace during the fourth quarter valued at about $38,000. Coppell Advisory Solutions LLC increased its stake in Dynatrace by 1,423.4% during the fourth 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 period. CX Institutional bought a new position in Dynatrace during the first quarter valued at about $40,000. Finally, Opal Wealth Advisors LLC bought a new position in Dynatrace during the first quarter valued at about $45,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of DT traded up $1.98 on Friday, hitting $56.65. The company's stock had a trading volume of 1,461,169 shares, compared to its average volume of 2,986,014. The company has a market capitalization of $16.98 billion, a PE ratio of 35.41, a PEG ratio of 4.94 and a beta of 0.91. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a 50 day moving average price of $52.87 and a 200 day moving average price of $52.49.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. During the same quarter in the previous year, the company posted $0.30 EPS. Dynatrace's revenue was up 16.9% on a year-over-year basis. On average, equities analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

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 owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.59% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on DT. Morgan Stanley set a $55.00 price target on Dynatrace in a research note on Thursday, May 15th. KeyCorp started coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. Bank of America lifted their price objective on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. BMO Capital Markets lifted their price objective on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, UBS Group lifted their price objective on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.26.

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.