Dynatrace, Inc. (NYSE:DT) Stock Position Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 23.0% during the first quarter, Holdings Channel reports. The firm owned 56,536 shares of the company’s stock after purchasing an additional 10,568 shares during the quarter. IFM Investors Pty Ltd’s holdings in Dynatrace were worth $2,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DT. Ardsley Advisory Partners LP acquired a new stake in Dynatrace during the 3rd quarter worth about $1,881,000. Raymond James & Associates raised its holdings in shares of Dynatrace by 10.8% during the fourth quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock valued at $12,864,000 after acquiring an additional 22,903 shares during the period. United Asset Strategies Inc. purchased a new stake in shares of Dynatrace in the 4th quarter valued at approximately $1,556,000. Ameriprise Financial Inc. boosted its stake 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. Finally, Bamco Inc. NY grew its position in Dynatrace by 24.1% during the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after purchasing an additional 134,792 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Up 1.1 %

Dynatrace stock traded up $0.50 during trading hours on Friday, reaching $47.10. 1,924,435 shares of the company were exchanged, compared to its average volume of 3,022,099. Dynatrace, Inc. has a 12 month low of $40.57 and a 12 month high of $61.41. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 71.36, a PEG ratio of 4.00 and a beta of 1.07. The stock has a 50-day moving average of $46.99 and a 200 day moving average of $50.80.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million during 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%. As a group, research analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current year.

Insider Activity

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthias Dollentz-Scharer sold 2,076 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $107,765.16. Following the transaction, the insider now owns 72,645 shares in the company, valued at approximately $3,771,001.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wolfe Research began coverage on Dynatrace in a report on Monday, March 18th. They issued an “outperform” rating and a $60.00 target price for the company. TD Cowen dropped their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. JMP Securities raised their price target on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Morgan Stanley began coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price objective on the stock. Finally, Scotiabank increased their target price on shares of Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.08.

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.