International Assets Investment Management LLC Makes New Investment in Dynatrace, Inc. (NYSE:DT)

International Assets Investment Management LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,065 shares of the company's stock, valued at approximately $2,847,000.

A number of other hedge funds also recently added to or reduced their stakes in DT. Vanguard Group Inc. grew its stake in shares of Dynatrace by 8.8% in the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company's stock worth $1,117,596,000 after acquiring an additional 1,940,604 shares during the period. FMR LLC boosted its holdings in Dynatrace by 3.1% in the third quarter. FMR LLC now owns 18,213,109 shares of the company's stock worth $851,099,000 after purchasing an additional 555,739 shares during the last quarter. Ameriprise Financial Inc. grew its position in Dynatrace by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company's stock worth $188,717,000 after purchasing an additional 375,463 shares during the period. William Blair Investment Management LLC raised its stake in Dynatrace by 0.3% during the 3rd quarter. William Blair Investment Management LLC now owns 3,835,232 shares of the company's stock valued at $179,220,000 after buying an additional 10,956 shares during the last quarter. Finally, RGM Capital LLC lifted its holdings in shares of Dynatrace by 9.3% during the 3rd quarter. RGM Capital LLC now owns 3,515,360 shares of the company's stock valued at $164,273,000 after buying an additional 298,079 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Down 0.5 %

Shares of Dynatrace stock traded down $0.21 during trading on Friday, reaching $46.21. The company's stock had a trading volume of 1,941,990 shares, compared to its average volume of 3,291,545. The company has a 50-day simple moving average of $46.28 and a two-hundred day simple moving average of $50.69. Dynatrace, Inc. has a 1-year low of $43.29 and a 1-year high of $61.41. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 70.02, a P/E/G ratio of 4.01 and a beta of 1.06.

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 the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. As a group, analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on DT. Citigroup increased their target price on Dynatrace from $58.00 to $68.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Rosenblatt Securities raised their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Morgan Stanley started coverage on shares of Dynatrace in a report on Tuesday, February 13th. They set an "equal weight" rating and a $60.00 target price for the company. Scotiabank lifted their price target 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. Finally, Barclays reduced their price objective on Dynatrace from $59.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.00.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company's stock in a transaction on 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 directly owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Insiders own 0.54% of the company's stock.

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.