Cooper Financial Group Acquires 400 Shares of Dynatrace, Inc. (NYSE:DT)

Cooper Financial Group increased its holdings in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 2.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 15,791 shares of the company’s stock after acquiring an additional 400 shares during the period. Cooper Financial Group’s holdings in Dynatrace were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Keybank National Association OH increased its holdings in Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock worth $34,808,000 after purchasing an additional 170,380 shares during the period. Bridges Investment Management Inc. increased its holdings in Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock worth $1,173,000 after purchasing an additional 11,234 shares during the period. Asset Management One Co. Ltd. increased its holdings in Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock worth $5,734,000 after purchasing an additional 4,697 shares during the period. Teacher Retirement System of Texas purchased a new position in Dynatrace during the 1st quarter worth $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in Dynatrace during the 1st quarter worth $3,846,000. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. KeyCorp assumed coverage on Dynatrace in a report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target on the stock. DA Davidson lifted their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Barclays lifted their price target on Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Bank of America lifted their price target on Dynatrace from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $62.57.

Read Our Latest Report on Dynatrace

Dynatrace Stock Performance

Shares of DT opened at $46.24 on Monday. The stock has a 50-day moving average of $53.72 and a two-hundred day moving average of $52.38. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The stock has a market cap of $13.94 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.97 and a beta of 0.91.

Dynatrace (NYSE:DTGet Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The company had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. Analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity

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

Dynatrace Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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