Dynatrace, Inc. (NYSE:DT) Stock Position Raised by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,144 shares of the company’s stock after acquiring an additional 1,191 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Dynatrace were worth $823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Dynatrace by 2.3% during the fourth quarter. Royal Bank of Canada now owns 930,586 shares of the company’s stock valued at $50,578,000 after purchasing an additional 20,807 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $21,055,000. Point72 Hong Kong Ltd boosted its position in Dynatrace by 840.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 45,588 shares of the company’s stock valued at $2,478,000 after purchasing an additional 40,739 shares during the period. ProShare Advisors LLC grew its stake in Dynatrace by 6.2% during the 4th quarter. ProShare Advisors LLC now owns 19,521 shares of the company’s stock worth $1,061,000 after buying an additional 1,137 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in Dynatrace by 56.9% during the 4th quarter. Quantinno Capital Management LP now owns 231,860 shares of the company’s stock worth $12,602,000 after buying an additional 84,112 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE DT opened at $53.23 on Wednesday. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market cap of $15.93 billion, a P/E ratio of 33.27, a PEG ratio of 7.05 and a beta of 0.95. The stock has a fifty day moving average price of $47.18 and a two-hundred day moving average price of $52.60.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million during the quarter, compared to analysts’ expectations of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets raised their target price on Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a report on Friday, January 31st. UBS Group lifted their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Finally, Bank of America upped their target price on shares of Dynatrace from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.43.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.59% of the company’s stock.

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.