Worldquant Millennium Advisors LLC Acquires 335,466 Shares of Dynatrace, Inc. (NYSE:DT)

Worldquant Millennium Advisors LLC grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 894,510 shares of the company's stock after acquiring an additional 335,466 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.30% of Dynatrace worth $48,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace during the fourth quarter worth about $38,000. Coppell Advisory Solutions LLC boosted its position 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 buying an additional 669 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Price Performance

DT opened at $53.24 on Tuesday. The business has a fifty day simple moving average of $47.06 and a 200 day simple moving average of $52.59. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $15.94 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. Dynatrace's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a report on Friday. Finally, Stifel Nicolaus raised their price target on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.43.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. This trade represents a 7.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is owned by company 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.

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