Moran Wealth Management LLC Acquires New Position in Dynatrace, Inc. (NYSE:DT)

Moran Wealth Management LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the first quarter, HoldingsChannel.com reports. The fund acquired 122,091 shares of the company’s stock, valued at approximately $5,757,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after purchasing an additional 177 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after purchasing an additional 216 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after purchasing an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 2.2%

Shares of DT opened at $55.75 on Wednesday. The firm has a market cap of $16.71 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 4.77 and a beta of 0.92. The company’s fifty day moving average is $51.04 and its two-hundred day moving average is $52.51. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. Dynatrace’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. As a group, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

DT has been the subject of a number of recent research reports. Loop Capital dropped their price objective on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. UBS Group raised their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. The Goldman Sachs Group raised their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Dynatrace from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Dynatrace in a research note on Wednesday, May 14th. Eight 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 has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president now owns 17,242 shares in the company, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is owned by company insiders.

Dynatrace Company Profile

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.