Dynatrace, Inc. (NYSE:DT) Shares Bought by Raymond James & Associates

Raymond James & Associates increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 235,222 shares of the company's stock after purchasing an additional 22,903 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Dynatrace worth $12,864,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DT. Contravisory Investment Management Inc. purchased a new position in Dynatrace in the 4th quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Dynatrace during the 1st quarter valued at $26,000. Advisory Services Network LLC grew its position in Dynatrace by 50.9% in the first quarter. Advisory Services Network LLC now owns 661 shares of the company's stock worth $28,000 after acquiring an additional 223 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Dynatrace in the third quarter worth $35,000. Finally, KB Financial Partners LLC purchased a new position in Dynatrace in the first quarter worth $40,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of NYSE:DT traded up $0.95 during trading on Thursday, reaching $45.96. 4,484,426 shares of the stock traded hands, compared to its average volume of 3,599,662. The stock has a 50-day moving average of $50.28 and a two-hundred day moving average of $50.87. Dynatrace, Inc. has a 52-week low of $40.27 and a 52-week high of $61.41. The stock has a market cap of $13.53 billion, a P/E ratio of 69.64, a price-to-earnings-growth ratio of 3.88 and a beta of 1.07.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million for the quarter, compared to analysts' expectations of $357.64 million. Sell-side analysts expect that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the transaction, the chief executive officer now owns 514,106 shares in the company, valued at $26,687,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dan Zugelder sold 6,596 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total transaction of $371,025.00. Following the completion of the transaction, the senior vice president now owns 96,020 shares in the company, valued at $5,401,125. The disclosure for this sale can be found here. Insiders have sold a total of 14,285,187 shares of company stock worth $751,264,421 over the last quarter. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DT. Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, January 16th. Jefferies Financial Group raised shares of Dynatrace from a "hold" rating to a "buy" rating and upped their price objective for the company from $50.00 to $70.00 in a research note on Friday, January 5th. Morgan Stanley began coverage on shares of Dynatrace in a research note on Tuesday, February 13th. They set an "equal weight" rating and a $60.00 price objective for the company. Rosenblatt Securities upped their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Finally, Capital One Financial started coverage on shares of Dynatrace in a research report on Wednesday, February 21st. They set an "overweight" rating and a $64.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.04.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.