Mirae Asset Global Investments Co. Ltd. Buys 38,454 Shares of Dynatrace, Inc. (NYSE:DT)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,315,039 shares of the company's stock after acquiring an additional 38,454 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.79% of Dynatrace worth $126,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Dynatrace in the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in Dynatrace in the 1st quarter worth approximately $26,000. Advisory Services Network LLC lifted its holdings in Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company's stock worth $28,000 after purchasing an additional 223 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in Dynatrace in the 3rd quarter worth approximately $35,000. Finally, Planned Solutions Inc. acquired a new stake in Dynatrace in the 4th quarter worth approximately $38,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT traded up $0.01 during trading hours on Friday, hitting $45.98. The stock had a trading volume of 2,842,904 shares, compared to its average volume of 3,441,687. The company's fifty day moving average is $50.03 and its two-hundred day moving average is $50.92. Dynatrace, Inc. has a 52 week low of $40.27 and a 52 week high of $61.41. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 69.67, a P/E/G ratio of 3.93 and a beta of 1.07.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping 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 analyst estimates of $357.64 million. Equities analysts predict that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now owns 514,106 shares of the company's stock, valued at approximately $26,687,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the company's stock in a transaction dated 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 directly owns 514,106 shares in the company, valued at approximately $26,687,242.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dan Zugelder sold 6,596 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total transaction of $371,025.00. Following 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 valued at $751,264,421 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

DT has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Dynatrace from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Monday, April 1st. Rosenblatt Securities raised their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Capital One Financial assumed coverage on shares of Dynatrace in a research note on Wednesday, February 21st. They set an "overweight" rating and a $64.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Finally, JMP Securities upped their target price on shares of Dynatrace from $56.00 to $68.00 and gave the company a "market outperform" rating in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.04.

Dynatrace 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.