Carnegie Capital Asset Management LLC Acquires 21,880 Shares of Dynatrace, Inc. (NYSE:DT)

Carnegie Capital Asset Management LLC increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,645 shares of the company's stock after buying an additional 21,880 shares during the period. Carnegie Capital Asset Management LLC owned 0.06% of Dynatrace worth $9,989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its holdings in Dynatrace by 31.0% in the 4th quarter. Vontobel Holding Ltd. now owns 27,687 shares of the company's stock valued at $1,514,000 after purchasing an additional 6,555 shares during the period. Louisiana State Employees Retirement System bought a new position in Dynatrace in the 4th quarter valued at $3,664,000. Perigon Wealth Management LLC purchased a new stake in shares of Dynatrace during the 4th quarter valued at $454,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dynatrace by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,892,822 shares of the company's stock worth $103,518,000 after acquiring an additional 682,200 shares during the last quarter. Finally, RFG Advisory LLC lifted its holdings in shares of Dynatrace by 18.1% during the 4th quarter. RFG Advisory LLC now owns 9,234 shares of the company's stock worth $505,000 after acquiring an additional 1,414 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity at Dynatrace

In other Dynatrace news, 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 value of $371,025.00. Following the sale, the senior vice president now owns 96,020 shares in the company, valued at $5,401,125. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Dynatrace news, 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 value of $371,025.00. Following the sale, the senior vice president now owns 96,020 shares in the company, valued at $5,401,125. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthias Dollentz-Scharer sold 2,076 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $107,765.16. Following the completion of the sale, the insider now owns 72,645 shares in the company, valued at approximately $3,771,001.95. The disclosure for this sale can be found here. Insiders have sold 14,285,187 shares of company stock worth $751,264,421 over the last 90 days. 0.54% of the stock is owned by company insiders.

Dynatrace Stock Performance

Shares of NYSE DT traded down $1.68 during midday trading on Friday, hitting $45.85. 1,830,624 shares of the company traded hands, compared to its average volume of 3,150,836. Dynatrace, Inc. has a 12-month low of $40.43 and a 12-month high of $61.41. The stock has a 50-day moving average price of $48.84 and a 200 day moving average price of $50.94. The firm has a market cap of $13.50 billion, a P/E ratio of 69.47, a P/E/G ratio of 3.92 and a beta of 1.07.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DT. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $70.00 and gave the stock a "sector outperform" rating in a report on Monday, February 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Dynatrace in a report on Friday, February 9th. Wolfe Research began coverage on shares of Dynatrace in a report on Monday, March 18th. They set an "outperform" rating and a $60.00 price objective for the company. Rosenblatt Securities boosted their price target 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. Finally, Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.04.

About Dynatrace

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.