KBC Group NV Buys 24,011 Shares of Dynatrace, Inc. (NYSE:DT)

KBC Group NV increased its holdings in Dynatrace, Inc. (NYSE:DT) by 73.8% in the first quarter, Holdings Channel reports. The fund owned 56,557 shares of the company’s stock after purchasing an additional 24,011 shares during the quarter. KBC Group NV’s holdings in Dynatrace were worth $2,667,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DT. Dragoneer Investment Group LLC purchased a new stake in Dynatrace in the fourth quarter worth about $242,380,000. Alyeska Investment Group L.P. purchased a new stake in Dynatrace in the fourth quarter worth about $204,000,000. Norges Bank purchased a new stake in Dynatrace in the fourth quarter worth about $192,284,000. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace during the fourth quarter valued at about $102,209,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company’s stock valued at $211,707,000 after buying an additional 1,350,794 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares of the company’s stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Up 3.6%

Shares of Dynatrace stock opened at $56.65 on Friday. The firm has a market capitalization of $16.98 billion, a P/E ratio of 35.41, a PEG ratio of 4.78 and a beta of 0.91. The company has a 50 day moving average price of $52.66 and a 200 day moving average price of $52.49. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same period last year, the firm posted $0.30 EPS. Dynatrace’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DT has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an “overweight” rating and a $69.00 price target for the company. DA Davidson increased their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. Loop Capital decreased their price target on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.26.

Dynatrace Company 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.