Cetera Investment Advisers Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Cetera Investment Advisers lifted its position in Dynatrace, Inc. (NYSE:DT) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,281 shares of the company’s stock after purchasing an additional 2,412 shares during the quarter. Cetera Investment Advisers’ holdings in Dynatrace were worth $2,606,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after purchasing an additional 177 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after purchasing an additional 216 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Illumine Investment Management LLC lifted its position in shares of Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company’s stock worth $1,585,000 after purchasing an additional 278 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of Dynatrace by 49.5% during the fourth quarter. GeoWealth Management LLC now owns 1,027 shares of the company’s stock worth $56,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by company insiders.

Dynatrace Trading Down 0.2%

Shares of DT opened at $50.41 on Thursday. The firm has a market cap of $15.21 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 4.41 and a beta of 0.91. The company’s 50 day simple moving average is $54.02 and its 200-day simple moving average is $52.49. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

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

Wall Street Analyst Weigh In

DT has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Dynatrace in a report on Wednesday, May 14th. The Goldman Sachs Group raised their target price on shares of Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 15th. UBS Group raised their target price on shares of Dynatrace from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. KeyCorp initiated coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 target price on the stock. Finally, Barclays raised their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.35.

Dynatrace Company Profile

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.