636 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Rise Advisors LLC

Rise Advisors LLC acquired a new position in Dynatrace, Inc. (NYSE:DT) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 636 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ardsley Advisory Partners LP acquired a new position in Dynatrace in the 3rd quarter worth approximately $1,881,000. Raymond James & Associates boosted its stake in shares of Dynatrace by 10.8% during the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock valued at $12,864,000 after buying an additional 22,903 shares during the period. United Asset Strategies Inc. acquired a new stake in shares of Dynatrace during the 4th quarter valued at $1,556,000. Ameriprise Financial Inc. boosted its stake in shares of Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock valued at $188,717,000 after buying an additional 375,463 shares during the period. Finally, Bamco Inc. NY boosted its stake in shares of Dynatrace by 24.1% during the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock valued at $32,447,000 after buying an additional 134,792 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In related news, 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 value of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 value of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 253,176 shares in the company, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DT shares. Wells Fargo & Company decreased their target price on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Bank of America decreased their target price on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Truist Financial restated a “buy” rating and set a $60.00 price target (down previously from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Barclays cut their price target 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. Finally, Loop Capital cut their price target on shares of Dynatrace from $56.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.54.

Dynatrace Stock Performance

NYSE:DT opened at $43.52 on Friday. The firm’s 50-day moving average is $46.21 and its 200-day moving average is $50.07. Dynatrace, Inc. has a 52-week low of $43.02 and a 52-week high of $61.41. 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 (NYSE:DT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The company had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Equities analysts predict that Dynatrace, Inc. will post 0.71 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.