Atria Wealth Solutions Inc. Has $327,000 Position in Dynatrace, Inc. (NYSE:DT)

Atria Wealth Solutions Inc. lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 63.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,925 shares of the company’s stock after purchasing an additional 2,676 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Dynatrace were worth $327,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC acquired a new stake in Dynatrace in the 1st quarter valued at approximately $302,000. Westfield Capital Management Co. LP raised its position in Dynatrace by 2.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,910,553 shares of the company’s stock valued at $137,233,000 after buying an additional 61,952 shares during the last quarter. Blair William & Co. IL raised its position in Dynatrace by 0.5% in the 1st quarter. Blair William & Co. IL now owns 556,479 shares of the company’s stock valued at $26,238,000 after buying an additional 2,986 shares during the last quarter. L & S Advisors Inc acquired a new stake in Dynatrace in the 1st quarter valued at approximately $1,128,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in Dynatrace in the 1st quarter valued at approximately $1,894,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of Dynatrace in a research report on Wednesday, May 14th. UBS Group boosted their price target on Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. Royal Bank Of Canada boosted their price target on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. Finally, Barclays boosted their price target on Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $62.57.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president directly owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is owned by company insiders.

Dynatrace Price Performance

DT opened at $48.21 on Friday. The business has a fifty day simple moving average of $53.00 and a 200 day simple moving average of $52.11. The company has a market capitalization of $14.54 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 4.12 and a beta of 0.91. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

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.