Y Intercept Hong Kong Ltd Invests $2.65 Million in Dynatrace, Inc. (NYSE:DT)

Y Intercept Hong Kong Ltd purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,150 shares of the company's stock, valued at approximately $2,647,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in Dynatrace by 587.0% in the 1st quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock valued at $47,139,000 after acquiring an additional 854,250 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Dynatrace by 125.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 207,323 shares of the company's stock worth $9,776,000 after purchasing an additional 115,200 shares during the period. Archer Investment Corp lifted its stake in Dynatrace by 36.1% during the first quarter. Archer Investment Corp now owns 2,075 shares of the company's stock worth $98,000 after purchasing an additional 550 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in Dynatrace during the first quarter worth about $351,000. Finally, Forum Financial Management LP lifted its stake in Dynatrace by 34.9% during the first quarter. Forum Financial Management LP now owns 6,409 shares of the company's stock worth $302,000 after purchasing an additional 1,657 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DT has been the topic of several analyst reports. Loop Capital reduced their price objective on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. DA Davidson increased their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wedbush reiterated an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, May 16th. UBS Group increased their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $62.26.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Up 0.1%

Shares of DT stock opened at $52.63 on Wednesday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a 50 day moving average price of $54.07 and a two-hundred day moving average price of $52.41. The company has a market capitalization of $15.88 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 4.59 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business's quarterly revenue was up 16.9% compared to the same quarter last year. As a group, research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.

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