Asset Management One Co. Ltd. Purchases 4,697 Shares of Dynatrace, Inc. (NYSE:DT)

Asset Management One Co. Ltd. boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 4.0% in the first quarter, Holdings Channel.com reports. The firm owned 121,613 shares of the company’s stock after acquiring an additional 4,697 shares during the period. Asset Management One Co. Ltd.’s holdings in Dynatrace were worth $5,734,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock worth $3,484,000 after purchasing an additional 9,251 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Dynatrace in the 4th quarter valued at about $842,000. Allstate Corp bought a new position in shares of Dynatrace in the 4th quarter valued at about $471,000. Metis Global Partners LLC bought a new position in shares of Dynatrace in the 4th quarter valued at about $571,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Dynatrace in the 4th quarter valued at about $1,057,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Down 0.1%

Shares of DT stock opened at $54.85 on Friday. The stock has a market cap of $16.44 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a 50 day simple moving average of $51.75 and a 200 day simple moving average of $52.47.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. Analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, the executive vice president now owns 17,242 shares of the company’s stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DT. UBS Group raised their price objective on Dynatrace from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Loop Capital reduced their price target on Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. DA Davidson lifted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. Finally, BMO Capital Markets lifted their price target on Dynatrace from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $62.26.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.