Dynatrace, Inc. (NYSE:DT) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its stake in Dynatrace, Inc. (NYSE:DT) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,154 shares of the company’s stock after purchasing an additional 5,490 shares during the period. Los Angeles Capital Management LLC’s holdings in Dynatrace were worth $4,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Dynatrace during the 4th quarter worth approximately $148,515,000. American Century Companies Inc. increased its holdings in shares of Dynatrace by 11,824.1% in the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after acquiring an additional 2,391,545 shares during the period. Vanguard Group Inc. increased its holdings in shares of Dynatrace by 9.8% in the 4th quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after acquiring an additional 2,348,246 shares during the period. Handelsbanken Fonder AB raised its position in Dynatrace by 104.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock valued at $102,205,000 after purchasing an additional 956,000 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Dynatrace during the 4th quarter worth $45,152,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Wedbush reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, May 16th. Barclays lowered their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Wolfe Research assumed coverage on Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 price target for the company. Finally, TD Cowen lowered their price objective on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.54.

Dynatrace Stock Performance

DT opened at $43.52 on Friday. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 83.69, a PEG ratio of 6.53 and a beta of 1.05. Dynatrace, Inc. has a one year low of $43.02 and a one year high of $61.41. The business’s fifty day moving average is $46.21 and its two-hundred day moving average is $50.07.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. On average, analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the transaction, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the transaction, the chief executive officer now owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.