Dynatrace, Inc. (NYSE:DT) Shares Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,720 shares of the company’s stock after purchasing an additional 4,560 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Dynatrace were worth $5,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its stake in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the fourth quarter valued at $38,000. Coppell Advisory Solutions LLC grew its holdings in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares during the last quarter. CX Institutional acquired a new stake in shares of Dynatrace during the first quarter worth about $40,000. Finally, Huntington National Bank lifted its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after purchasing an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DT shares. UBS Group raised their price target on Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. KeyCorp assumed coverage on shares of Dynatrace in a research report on Tuesday. They issued an “overweight” rating and a $69.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, BMO Capital Markets lifted their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president now owns 17,242 shares of the company’s stock, valued at $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

DT opened at $53.89 on Thursday. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market capitalization of $16.15 billion, a P/E ratio of 33.68, a P/E/G ratio of 7.05 and a beta of 0.92. The business has a 50 day simple moving average of $48.91 and a 200-day simple moving average of $52.66.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm 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%. Dynatrace’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.