United Asset Strategies Inc. Acquires New Shares in Dynatrace, Inc. (NYSE:DT)

United Asset Strategies Inc. acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,443 shares of the company’s stock, valued at approximately $1,556,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DT. Contravisory Investment Management Inc. bought a new stake in Dynatrace during the 4th quarter valued at $25,000. Quarry LP bought a new stake in Dynatrace during the 1st quarter valued at $26,000. Advisory Services Network LLC raised its stake in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares in the last quarter. Planned Solutions Inc. bought a new stake in Dynatrace during the 4th quarter valued at $38,000. Finally, FinTrust Capital Advisors LLC bought a new stake in Dynatrace during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

NYSE DT opened at $44.52 on Wednesday. Dynatrace, Inc. has a twelve month low of $40.43 and a twelve month high of $61.41. The stock has a market capitalization of $13.11 billion, a PE ratio of 67.46, a P/E/G ratio of 3.85 and a beta of 1.07. The stock has a 50-day simple moving average of $48.24 and a 200 day simple moving average of $50.92.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Monday, April 1st. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. JMP Securities lifted their price target on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $70.00 in a report on Friday, January 5th. Finally, Wolfe Research assumed coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 price target on the stock. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.04.

Insider Buying and Selling

In related news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $52.61, for a total value of $346,962.95. Following the completion of the sale, the senior vice president now owns 89,425 shares in the company, valued at approximately $4,704,649.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Insiders own 0.54% of the company’s stock.

Dynatrace Company 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.