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 1,442.1% during the fourth quarter, Holdings Channel reports. The firm owned 99,664 shares of the company’s stock after purchasing an additional 93,201 shares during the period. Los Angeles Capital Management LLC’s holdings in Dynatrace were worth $5,451,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DT. Vanguard Group Inc. boosted its position in Dynatrace by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after purchasing an additional 1,940,604 shares during the period. FMR LLC raised its holdings in shares of Dynatrace by 3.1% during the 3rd quarter. FMR LLC now owns 18,213,109 shares of the company’s stock valued at $851,099,000 after buying an additional 555,739 shares during the period. Ameriprise Financial Inc. lifted its position in Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after acquiring an additional 375,463 shares in the last quarter. William Blair Investment Management LLC lifted its position 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 worth $179,220,000 after acquiring an additional 10,956 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Dynatrace by 21.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,749,277 shares of the company’s stock worth $175,204,000 after acquiring an additional 673,385 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

DT stock opened at $45.79 on Monday. Dynatrace, Inc. has a 1 year low of $42.50 and a 1 year high of $61.41. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 69.38, a PEG ratio of 3.95 and a beta of 1.06. The stock’s fifty day moving average is $46.56 and its two-hundred day moving average is $50.76.

Dynatrace (NYSE:DT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. As a group, analysts predict that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DT. Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Barclays lowered their target price 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. JPMorgan Chase & Co. cut their price target on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Scotiabank raised their price objective on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Monday, February 5th. Finally, Citigroup upped their target price on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.08.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the transaction, the chief executive officer now owns 514,106 shares in the company, valued at approximately $26,687,242.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock valued at $750,893,396 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace 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.