First Trust Advisors LP increased its stake in shares of Dynatrace (NYSE:DT) by 51.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 320,590 shares of the company’s stock after purchasing an additional 108,318 shares during the quarter. First Trust Advisors LP’s holdings in Dynatrace were worth $7,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd grew its position in Dynatrace by 54.2% in the 4th quarter. FIL Ltd now owns 10,673,478 shares of the company’s stock valued at $270,039,000 after acquiring an additional 3,750,957 shares during the last quarter. Dragoneer Investment Group LLC grew its position in Dynatrace by 13.2% in the 4th quarter. Dragoneer Investment Group LLC now owns 7,775,051 shares of the company’s stock valued at $196,709,000 after acquiring an additional 905,316 shares during the last quarter. Jennison Associates LLC bought a new position in Dynatrace in the 1st quarter valued at $131,380,000. BlackRock Inc. grew its position in Dynatrace by 66.9% in the 1st quarter. BlackRock Inc. now owns 4,903,932 shares of the company’s stock valued at $116,911,000 after acquiring an additional 1,965,671 shares during the last quarter. Finally, Pathway Capital Management LP bought a new position in Dynatrace in the 4th quarter valued at $115,161,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE DT opened at $36.05 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $10.12 billion and a P/E ratio of -22.25. Dynatrace has a 1-year low of $17.05 and a 1-year high of $39.00. The business has a fifty day moving average price of $28.05 and a 200 day moving average price of $27.18.

Dynatrace (NYSE:DT) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Dynatrace had a negative return on equity of 29.81% and a negative net margin of 76.59%. The company had revenue of $150.60 million for the quarter, compared to analyst estimates of $146.31 million. The firm’s quarterly revenue was up 29.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Dynatrace will post 0.2 earnings per share for the current fiscal year.

Several equities analysts have commented on DT shares. Rosenblatt Securities upped their price objective on Dynatrace from $21.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. JMP Securities upped their price objective on Dynatrace from $32.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Citigroup upped their target price on Dynatrace from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Bank of America started coverage on Dynatrace in a report on Wednesday, April 22nd. They issued a “buy” rating and a $34.00 target price for the company. Finally, Canaccord Genuity upped their target price on Dynatrace from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.61.

In related news, CEO Siclen John Van sold 29,196 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $20.66, for a total transaction of $603,189.36. Following the transaction, the chief executive officer now directly owns 1,670,218 shares of the company’s stock, valued at approximately $34,506,703.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen J. Pace sold 115,736 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $33.55, for a total value of $3,882,942.80. Following the transaction, the senior vice president now directly owns 567,891 shares in the company, valued at $19,052,743.05. The disclosure for this sale can be found here. Insiders have sold a total of 835,807 shares of company stock worth $25,420,308 over the last ninety days.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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