United Asset Strategies Inc. Makes New Investment in Dynatrace, Inc. (NYSE:DT)

United Asset Strategies Inc. bought a new position in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,443 shares of the company’s stock, valued at approximately $1,556,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new position in shares of Dynatrace during the fourth quarter worth $25,000. Quarry LP acquired a new position in shares of Dynatrace during the first quarter worth $26,000. Advisory Services Network LLC increased its holdings in shares of Dynatrace by 50.9% during the first quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after buying an additional 223 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Dynatrace during the third quarter worth $35,000. Finally, Planned Solutions Inc. acquired a new position in shares of Dynatrace during the fourth quarter worth $38,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Down 0.9 %

Dynatrace stock opened at $44.52 on Wednesday. Dynatrace, Inc. has a 52 week low of $40.43 and a 52 week high of $61.41. The company’s 50 day moving average price is $48.24 and its two-hundred day moving average price is $50.92. The stock has a market cap of $13.11 billion, a P/E ratio of 67.46, a P/E/G ratio of 3.85 and a beta of 1.07.

Dynatrace (NYSE:DT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $357.64 million. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the sale, the senior vice president now owns 89,425 shares in the company, valued at approximately $4,704,649.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Insiders have sold a total of 14,278,591 shares of company stock valued at $750,893,396 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on DT. Rosenblatt Securities upped their price target on shares of Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $70.00 in a report on Friday, January 5th. JMP Securities increased their price objective on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. Citigroup increased their price objective on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Capital One Financial started coverage on Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price target for the company. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.04.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.