QRG Capital Management Inc. Buys 16,178 Shares of Dynatrace, Inc. (NYSE:DT)

QRG Capital Management Inc. boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 41.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,848 shares of the company's stock after buying an additional 16,178 shares during the quarter. QRG Capital Management Inc.'s holdings in Dynatrace were worth $2,933,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in Dynatrace in the 1st quarter worth approximately $368,000. Daiwa Securities Group Inc. boosted its stake in Dynatrace by 53.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 33,164 shares of the company's stock worth $1,540,000 after purchasing an additional 11,500 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Dynatrace by 106.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,060 shares of the company's stock worth $281,000 after purchasing an additional 3,123 shares during the period. Geneos Wealth Management Inc. boosted its stake in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company's stock worth $25,000 after purchasing an additional 230 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in Dynatrace by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 209,835 shares of the company's stock worth $9,745,000 after purchasing an additional 3,645 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace 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 value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dynatrace 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 value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 over the last ninety days. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DT shares. Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price objective for the company. BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, Barclays raised shares of Dynatrace from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.46.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $2.17 on Thursday, hitting $54.32. 7,082,946 shares of the company were exchanged, compared to its average volume of 3,334,258. The company's 50 day moving average price is $52.77 and its two-hundred day moving average price is $48.29. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 104.96, a PEG ratio of 8.02 and a beta of 1.06.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share 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 business 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 firm's revenue was up 19.9% on a year-over-year basis. Research analysts predict that Dynatrace, Inc. will post 0.71 earnings per share 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.