United Asset Strategies Inc. Acquires New Holdings in Dynatrace, Inc. (NYSE:DT)

United Asset Strategies Inc. purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 28,443 shares of the company's stock, valued at approximately $1,556,000.

Other institutional investors have also recently made changes to their positions in the company. Private Client Services LLC purchased a new stake in Dynatrace in the fourth quarter valued at approximately $743,000. Cornercap Investment Counsel Inc. raised its position in Dynatrace by 1.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 19,923 shares of the company's stock valued at $1,090,000 after purchasing an additional 309 shares during the period. Strs Ohio raised its position in Dynatrace by 28.3% in the fourth quarter. Strs Ohio now owns 620,083 shares of the company's stock valued at $33,912,000 after purchasing an additional 136,954 shares during the period. Carnegie Capital Asset Management LLC raised its position in Dynatrace by 13.6% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 182,645 shares of the company's stock valued at $9,989,000 after purchasing an additional 21,880 shares during the period. Finally, Vontobel Holding Ltd. raised its position in Dynatrace by 31.0% in the fourth 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. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

DT has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Dynatrace from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 1st. Capital One Financial initiated coverage on Dynatrace in a research report on Wednesday, February 21st. They set an "overweight" rating and a $64.00 price objective on the stock. Morgan Stanley initiated coverage on Dynatrace in a research report on Tuesday, February 13th. They set an "equal weight" rating and a $60.00 price objective on the stock. JMP Securities upped their price objective on Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a research report on Friday, February 2nd. Finally, Citigroup upped their price objective on Dynatrace from $58.00 to $68.00 and gave the stock a "buy" rating in a research report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average target price of $61.04.

Insider Buying and Selling at Dynatrace

In other news, SVP Dan Zugelder sold 6,595 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now directly owns 89,425 shares in the company, valued at $4,704,649.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the transaction, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dan Zugelder sold 6,595 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by company insiders.

Dynatrace Stock Performance

NYSE DT traded down $0.09 during trading on Wednesday, reaching $44.43. The company's stock had a trading volume of 3,285,172 shares, compared to its average volume of 3,527,145. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 67.32, a P/E/G ratio of 3.85 and a beta of 1.07. Dynatrace, Inc. has a twelve month low of $40.43 and a twelve month high of $61.41. The business's fifty day moving average price is $47.91 and its 200-day moving average price is $50.87.

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

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.