Los Angeles Capital Management LLC Grows Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Los Angeles Capital Management LLC grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 1,442.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,664 shares of the company's stock after acquiring an additional 93,201 shares during the period. Los Angeles Capital Management LLC's holdings in Dynatrace were worth $5,451,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Dynatrace by 11,824.1% during the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company's stock worth $112,702,000 after acquiring an additional 2,391,545 shares during the last quarter. Vanguard Group Inc. increased its stake in Dynatrace by 8.8% in the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company's stock valued at $1,117,596,000 after acquiring an additional 1,940,604 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Dynatrace by 104.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company's stock valued at $102,205,000 after acquiring an additional 956,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Dynatrace in the fourth quarter valued at approximately $45,152,000. Finally, Jennison Associates LLC increased its stake in Dynatrace by 3,184.4% in the fourth quarter. Jennison Associates LLC now owns 724,667 shares of the company's stock valued at $39,632,000 after acquiring an additional 702,603 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Dynatrace from $62.00 to $58.00 and set a "buy" rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. decreased their price objective on shares of Dynatrace from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, April 1st. Scotiabank boosted their target price on shares of Dynatrace from $62.00 to $70.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Finally, 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 on the stock. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.08.

Insider Buying and Selling at Dynatrace

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

Dynatrace Stock Performance

NYSE:DT traded up $1.41 on Monday, hitting $47.20. The stock had a trading volume of 3,537,397 shares, compared to its average volume of 3,549,592. Dynatrace, Inc. has a 1 year low of $43.29 and a 1 year high of $61.41. The firm's fifty day simple moving average is $46.51 and its two-hundred day simple moving average is $50.76. The stock has a market cap of $13.90 billion, a P/E ratio of 71.52, a price-to-earnings-growth ratio of 3.95 and a beta of 1.06.

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

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.