Harbor Capital Advisors Inc. Raises Position in Dynatrace, Inc. (NYSE:DT)

Harbor Capital Advisors Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 154.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,144 shares of the company's stock after buying an additional 63,782 shares during the period. Harbor Capital Advisors Inc.'s holdings in Dynatrace were worth $5,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DT. Eminence Capital LP bought a new position in Dynatrace in the 2nd quarter worth $158,369,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Dynatrace during the 1st quarter worth about $133,701,000. Assenagon Asset Management S.A. boosted its position in Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after buying an additional 2,030,915 shares during the period. Vanguard Group Inc. raised its position in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Dynatrace by 285.7% in the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after acquiring an additional 1,029,387 shares during the period. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DT shares. Barclays upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Jefferies Financial Group raised 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 Tuesday, October 22nd. Wedbush initiated coverage on Dynatrace in a research report on Thursday, October 17th. They set an "outperform" rating and a $67.00 target price on the stock. Wells Fargo & Company cut their price objective on Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Finally, BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.46.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 in the last ninety days. 0.59% of the stock is owned by insiders.

Dynatrace Trading Up 0.9 %

Shares of DT traded up $0.49 on Monday, reaching $54.56. 2,316,705 shares of the company's stock were exchanged, compared to its average volume of 3,310,561. The business has a 50 day moving average price of $52.45 and a two-hundred day moving average price of $48.11. The stock has a market capitalization of $16.25 billion, a P/E ratio of 103.98, a price-to-earnings-growth ratio of 7.90 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the business earned $0.16 EPS. The company's revenue was up 19.9% compared to the same quarter last year. Equities research analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current year.

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.