QRG Capital Management Inc. Purchases 16,178 Shares of Dynatrace, Inc. (NYSE:DT)

QRG Capital Management Inc. increased its position in shares of Dynatrace, Inc. (NYSE:DT) by 41.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,848 shares of the company’s stock after acquiring an additional 16,178 shares during the period. QRG Capital Management Inc.’s holdings in Dynatrace were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its position in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Dynatrace in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in shares of Dynatrace in the 2nd quarter worth $32,000. Finally, Riverview Trust Co raised its position in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DT shares. Wedbush started coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Jefferies Financial Group increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their target price on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research report on Wednesday. Finally, Guggenheim boosted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

Dynatrace Stock Performance

DT opened at $56.49 on Thursday. The stock has a market capitalization of $16.83 billion, a PE ratio of 108.63, a price-to-earnings-growth ratio of 7.94 and a beta of 1.06. The stock’s 50 day moving average price is $52.77 and its 200-day moving average price is $48.29. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same period in the previous year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Research analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 over the last 90 days. 0.59% of the stock is owned by company insiders.

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.