1,571 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Park Place Capital Corp

Park Place Capital Corp purchased a new position in Dynatrace, Inc. (NYSE:DT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,571 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds also recently modified their holdings of the stock. Lindbrook Capital LLC increased its position in shares of Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the period. 1492 Capital Management LLC increased its position in shares of Dynatrace by 1.0% in the fourth quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after purchasing an additional 224 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Dynatrace by 6.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock worth $255,000 after purchasing an additional 270 shares during the period. Cornercap Investment Counsel Inc. grew its position in Dynatrace by 1.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 19,923 shares of the company’s stock valued at $1,090,000 after acquiring an additional 309 shares during the last quarter. Finally, Torray Investment Partners LLC grew its position in Dynatrace by 1.0% in the fourth quarter. Torray Investment Partners LLC now owns 35,105 shares of the company’s stock valued at $1,920,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada decreased their target price on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Truist Financial reiterated a “buy” rating and issued a $60.00 target price (down previously from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Robert W. Baird decreased their target price on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Loop Capital decreased their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Finally, Barclays decreased their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $60.96.

Dynatrace Stock Performance

Shares of DT opened at $45.07 on Tuesday. The firm has a market cap of $13.40 billion, a PE ratio of 86.67, a price-to-earnings-growth ratio of 6.76 and a beta of 1.04. Dynatrace, Inc. has a 52-week low of $42.94 and a 52-week high of $61.41. The business’s 50 day moving average price is $46.07 and its two-hundred day moving average price is $49.57.

Dynatrace (NYSE:DT) last posted its quarterly 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 company had revenue of $380.85 million during the quarter, compared to analyst estimates of $375.20 million. Research analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

About Dynatrace

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.