HighTower Advisors LLC Increases Stock Holdings in Dynatrace, Inc. $DT

HighTower Advisors LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 29.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,558 shares of the company’s stock after acquiring an additional 7,606 shares during the quarter. HighTower Advisors LLC’s holdings in Dynatrace were worth $1,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its holdings in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after acquiring an additional 669 shares during the period. CX Institutional purchased a new position in Dynatrace during the 1st quarter valued at about $40,000. Opal Wealth Advisors LLC purchased a new position in Dynatrace during the 1st quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock valued at $46,000 after buying an additional 256 shares during the period. Finally, Global Financial Private Client LLC boosted its stake in shares of Dynatrace by 344.0% in the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock valued at $52,000 after buying an additional 860 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Up 1.2%

DT stock opened at $49.41 on Monday. The business has a 50 day moving average price of $52.51 and a 200 day moving average price of $51.68. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 4.29 and a beta of 0.91. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DT. Guggenheim lifted their price objective on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wedbush reiterated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, May 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Monday, August 4th. Royal Bank Of Canada lifted their price objective on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Dynatrace in a research note on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.63.

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.