30,000 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new position in Dynatrace, Inc. (NYSE:DT) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $1,393,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new position in Dynatrace in the 1st quarter worth approximately $581,000. Public Employees Retirement System of Ohio increased its holdings in Dynatrace by 44.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 145,048 shares of the company’s stock worth $6,736,000 after buying an additional 44,337 shares during the period. Magnetar Financial LLC purchased a new stake in Dynatrace in the 1st quarter worth approximately $4,438,000. Lazard Asset Management LLC boosted its position in Dynatrace by 23.0% in the 1st quarter. Lazard Asset Management LLC now owns 81,134 shares of the company’s stock worth $3,767,000 after purchasing an additional 15,191 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in Dynatrace by 102.2% in the 1st quarter. Quadrature Capital Ltd now owns 80,995 shares of the company’s stock worth $3,758,000 after purchasing an additional 40,944 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE DT traded up $0.01 during mid-day trading on Tuesday, hitting $44.43. The stock had a trading volume of 683,716 shares, compared to its average volume of 3,522,467. The firm’s 50 day moving average is $45.03 and its 200 day moving average is $48.06. Dynatrace, Inc. has a twelve month low of $42.31 and a twelve month high of $61.41. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 85.42, a PEG ratio of 6.68 and a beta of 1.04.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (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. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Royal Bank of Canada lowered their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. TD Cowen lowered their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Bank of America lowered their price objective on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, BMO Capital Markets lowered their price objective on Dynatrace from $54.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.56.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction 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 directly owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock valued at $3,883,271 in the last three months. 0.54% of the stock is currently owned by insiders.

Dynatrace 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.