Dynatrace, Inc. (NYSE:DT) Stake Boosted by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,901 shares of the company’s stock after acquiring an additional 2,106 shares during the period. Yousif Capital Management LLC’s holdings in Dynatrace were worth $6,175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DT. Ardsley Advisory Partners LP acquired a new stake in shares of Dynatrace in the 3rd quarter valued at $1,881,000. Raymond James & Associates lifted its position in Dynatrace by 10.8% during the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after acquiring an additional 22,903 shares during the last quarter. United Asset Strategies Inc. acquired a new position in Dynatrace during the 4th quarter worth $1,556,000. Ameriprise Financial Inc. lifted its position in Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after acquiring an additional 375,463 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in Dynatrace by 24.1% during the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after acquiring an additional 134,792 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of NYSE DT opened at $46.61 on Friday. The company’s 50 day simple moving average is $47.07 and its 200 day simple moving average is $50.81. Dynatrace, Inc. has a fifty-two week low of $40.57 and a fifty-two week high of $61.41. The firm has a market capitalization of $13.72 billion, a P/E ratio of 70.62, a P/E/G ratio of 4.01 and a beta of 1.07.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. Sell-side analysts expect that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock worth $750,893,396. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DT. Citigroup upped their price objective on shares of Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. JMP Securities upped their price objective on shares of Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Scotiabank upped their price objective on shares of Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Wolfe Research began coverage on shares of Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, Jefferies Financial Group raised shares of Dynatrace from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.08.

Dynatrace Profile

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.