QRG Capital Management Inc. Acquires 16,178 Shares of Dynatrace, Inc. (NYSE:DT)

QRG Capital Management Inc. grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 41.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,848 shares of the company’s stock after buying an additional 16,178 shares during the period. QRG Capital Management Inc.’s holdings in Dynatrace were worth $2,933,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Coronation Fund Managers Ltd. boosted its stake in Dynatrace by 53.9% during the third quarter. Coronation Fund Managers Ltd. now owns 286,402 shares of the company’s stock worth $15,314,000 after acquiring an additional 100,262 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Dynatrace by 154.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 105,144 shares of the company’s stock worth $5,622,000 after purchasing an additional 63,782 shares in the last quarter. F M Investments LLC grew its stake in shares of Dynatrace by 62.4% in the 3rd quarter. F M Investments LLC now owns 104,635 shares of the company’s stock valued at $5,595,000 after buying an additional 40,190 shares during the period. Cordatus Wealth Management LLC bought a new stake in Dynatrace in the 3rd quarter valued at about $217,000. Finally, US Bancorp DE raised its stake in Dynatrace by 1.9% during the 3rd quarter. US Bancorp DE now owns 53,455 shares of the company’s stock worth $2,858,000 after buying an additional 972 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DT shares. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $64.00 in a report on Monday, October 7th. BNP Paribas initiated coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Scotiabank lifted their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Guggenheim upped their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, BTIG Research lifted their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $60.46.

Dynatrace Stock Performance

NYSE DT opened at $56.49 on Thursday. The company has a market capitalization of $16.83 billion, a PE ratio of 108.63, a price-to-earnings-growth ratio of 7.94 and a beta of 1.06. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The company has a 50-day simple moving average of $52.77 and a 200 day simple moving average of $48.29.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter last year, the business posted $0.16 EPS. Dynatrace’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.59% of the company’s stock.

Dynatrace 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.