Artemis Investment Management LLP Purchases 2,365 Shares of Dynatrace, Inc. (NYSE:DT)

Artemis Investment Management LLP boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 566,655 shares of the company’s stock after buying an additional 2,365 shares during the quarter. Artemis Investment Management LLP’s holdings in Dynatrace were worth $26,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ardsley Advisory Partners LP bought a new position in Dynatrace in the 3rd quarter worth $1,881,000. Raymond James & Associates grew its position in shares of Dynatrace by 10.8% in the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after buying an additional 22,903 shares during the period. United Asset Strategies Inc. purchased a new stake in shares of Dynatrace in the 4th quarter worth about $1,556,000. Ameriprise Financial Inc. grew its position in shares of Dynatrace by 10.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after buying an additional 375,463 shares during the period. Finally, Bamco Inc. NY grew its position in shares of Dynatrace by 24.1% in the 3rd quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after buying an additional 134,792 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 1.7 %

NYSE DT traded up $0.77 on Friday, reaching $44.78. 5,684,462 shares of the stock were exchanged, compared to its average volume of 3,774,018. Dynatrace, Inc. has a one year low of $42.94 and a one year high of $61.41. The firm has a market capitalization of $13.31 billion, a PE ratio of 84.66, a PEG ratio of 6.61 and a beta of 1.05. The company’s 50-day simple moving average is $46.13 and its two-hundred day simple moving average is $49.75.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The firm had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Sell-side analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Loop Capital reduced their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, June 18th. Barclays cut their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Finally, Piper Sandler initiated coverage on shares of Dynatrace in a research report on Thursday. They set a “neutral” rating and a $50.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $60.96.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the transaction, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.