Spire Wealth Management Purchases 16,351 Shares of Dynatrace, Inc. (NYSE:DT)

Spire Wealth Management lifted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3,838.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,777 shares of the company's stock after acquiring an additional 16,351 shares during the quarter. Spire Wealth Management's holdings in Dynatrace were worth $971,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in Dynatrace in the 4th quarter valued at $25,000. NewSquare Capital LLC acquired a new position in Dynatrace in the 4th quarter valued at $32,000. Planned Solutions Inc. acquired a new position in Dynatrace in the 4th quarter valued at $38,000. Lindbrook Capital LLC raised 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 acquiring an additional 187 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Dynatrace in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DT. Morgan Stanley began coverage on shares of Dynatrace in a report on Tuesday, February 13th. They issued an "equal weight" rating and a $60.00 target price on the stock. Wolfe Research began coverage on shares of Dynatrace in a report on Monday, March 18th. They issued an "outperform" rating and a $60.00 target price on the stock. Barclays cut their target price on shares of Dynatrace from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 20th. Rosenblatt Securities raised their price target 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. Finally, JPMorgan Chase & Co. dropped their price target 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. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $61.00.

Insider Buying and Selling

In related news, SVP Dan Zugelder sold 6,595 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the completion of the transaction, the senior vice president now owns 89,425 shares of the company's stock, valued at approximately $4,704,649.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction on 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the sale, the senior vice president now directly owns 89,425 shares of the company's stock, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Company insiders own 0.54% of the company's stock.

Dynatrace Stock Up 0.7 %

NYSE:DT traded up $0.33 during trading hours on Thursday, reaching $46.40. 2,187,639 shares of the company's stock were exchanged, compared to its average volume of 3,516,350. The company has a market capitalization of $13.66 billion, a P/E ratio of 70.33, a price-to-earnings-growth ratio of 3.95 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $43.29 and a 12 month high of $61.41. The business's 50-day simple moving average is $46.40 and its two-hundred day simple moving average is $50.73.

Dynatrace (NYSE:DT - Get Free Report) last issued its 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. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million during the quarter, compared to analysts' expectations of $357.64 million. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

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.