Cercano Management LLC Invests $32.02 Million in Dynatrace, Inc. (NYSE:DT)

Cercano Management LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 585,515 shares of the company's stock, valued at approximately $32,022,000. Dynatrace comprises approximately 1.1% of Cercano Management LLC's holdings, making the stock its 21st biggest holding. Cercano Management LLC owned about 0.20% of Dynatrace as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC increased its holdings in Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company's stock valued at $39,000 after buying an additional 187 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Dynatrace by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company's stock valued at $376,000 after purchasing an additional 234 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company's stock worth $416,000 after buying an additional 240 shares during the period. Shell Asset Management Co. boosted its position in Dynatrace by 1.7% during the 3rd quarter. Shell Asset Management Co. now owns 16,011 shares of the company's stock worth $748,000 after buying an additional 263 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Dynatrace by 3.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company's stock worth $420,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Trading Up 1.1 %

Shares of NYSE:DT traded up $0.50 during midday trading on Friday, reaching $47.10. The company had a trading volume of 1,924,435 shares, compared to its average volume of 3,022,099. The company's 50 day moving average price is $46.99 and its 200 day moving average price is $50.83. The stock has a market cap of $13.87 billion, a P/E ratio of 71.36, a P/E/G ratio of 4.04 and a beta of 1.07. Dynatrace, Inc. has a 52-week low of $40.57 and a 52-week high of $61.41.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DT shares. Morgan Stanley started coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They issued an "equal weight" rating and a $60.00 price target on the stock. Rosenblatt Securities lifted 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. TD Cowen lowered their price objective on shares of Dynatrace from $62.00 to $58.00 and set a "buy" rating for the company in a research note on Friday, April 19th. Wolfe Research initiated coverage on shares of Dynatrace in a research note on Monday, March 18th. They issued an "outperform" rating and a $60.00 price objective for the company. Finally, Citigroup lifted their price objective on shares of Dynatrace from $58.00 to $68.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Four 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.08.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company'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 sale, the insider now directly owns 16,114,344 shares of the company's stock, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, 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 link. Also, CEO Rick M. Mcconnell sold 25,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock valued at $750,893,396 over the last three months. 0.54% of the stock is currently owned by insiders.

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.