Dynatrace, Inc. (NYSE:DT) Holdings Boosted by Westfield Capital Management Co. LP

Key Points

• Westfield Capital Management Co. LP increased its holdings in Dynatrace, Inc. by 2.2%, boosting ownership to 2,910,553 shares valued at approximately $137.23 million.
• Dynatrace received several analyst upgrades, with price targets raised by firms like DA Davidson and Goldman Sachs, indicating a consensus rating of "Moderate Buy" and an average target price of $62.35.
• The company's latest quarterly earnings report showed an EPS of $0.33, surpassing expectations, and a revenue increase of 16.9% year-over-year to $445.17 million.

Westfield Capital Management Co. LP increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,910,553 shares of the company's stock after buying an additional 61,952 shares during the quarter. Westfield Capital Management Co. LP owned about 0.97% of Dynatrace worth $137,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DT. Blair William & Co. IL grew its stake in shares of Dynatrace by 0.5% during the first quarter. Blair William & Co. IL now owns 556,479 shares of the company's stock worth $26,238,000 after purchasing an additional 2,986 shares in the last quarter. L & S Advisors Inc purchased a new position in shares of Dynatrace during the first quarter worth about $1,128,000. J. Safra Sarasin Holding AG purchased a new position in Dynatrace in the 1st quarter valued at $1,894,000. PNC Financial Services Group Inc. boosted its holdings in Dynatrace by 1.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 35,119 shares of the company's stock valued at $1,656,000 after purchasing an additional 388 shares in the last quarter. Finally, Baker Avenue Asset Management LP lifted its holdings in Dynatrace by 19.1% in the first quarter. Baker Avenue Asset Management LP now owns 4,428 shares of the company's stock valued at $209,000 after acquiring an additional 709 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DT. BMO Capital Markets dropped their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday. The Goldman Sachs Group lifted their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Wedbush restated an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Finally, DA Davidson lifted their target price on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Seven 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 company's stock. According to data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average target price of $62.57.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.54 during trading on Friday, hitting $46.33. The company's stock had a trading volume of 2,863,143 shares, compared to its average volume of 3,010,165. The company has a market capitalization of $13.98 billion, a PE ratio of 28.43, a PEG ratio of 4.41 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 stock's 50-day moving average price is $53.87 and its two-hundred day moving average price is $52.46.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. Dynatrace's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. On average, equities analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The stock was 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 approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by insiders.

Dynatrace Company 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.