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

Los Angeles Capital Management LLC grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,154 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Dynatrace in the fourth quarter worth about $25,000. DSM Capital Partners LLC acquired a new stake in shares of Dynatrace in the 4th quarter worth approximately $28,000. NewSquare Capital LLC bought a new position in shares of Dynatrace in the fourth quarter valued at approximately $32,000. Planned Solutions Inc. acquired a new position in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Finally, Lindbrook Capital LLC raised its holdings in Dynatrace by 35.9% during the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Price Performance

Shares of DT opened at $43.52 on Friday. The business’s 50-day moving average is $46.21 and its 200-day moving average is $50.07. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of 83.69, a P/E/G ratio of 6.53 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $43.02 and a fifty-two week high of $61.41.

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

Wall Street Analyst Weigh In

DT has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. BMO Capital Markets dropped their target price on shares of Dynatrace from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Finally, TD Cowen cut their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.54.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction 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 sale, the executive vice president now directly owns 253,176 shares of the company’s stock, 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 company insiders.

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.