Stanley Laman Group Ltd. Buys 117,251 Shares of Dynatrace, Inc. (NYSE:DT)

Stanley Laman Group Ltd. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 998.6% in the 1st quarter, Holdings Channel reports. The firm owned 128,993 shares of the company’s stock after acquiring an additional 117,251 shares during the period. Dynatrace makes up 0.9% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 17th largest holding. Stanley Laman Group Ltd.’s holdings in Dynatrace were worth $6,082,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DT. Smartleaf Asset Management LLC increased its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace during the fourth quarter worth approximately $38,000. Coppell Advisory Solutions LLC raised its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new stake in shares of Dynatrace in the 1st quarter valued at approximately $40,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock valued at $46,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred 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 sale, the executive vice president now owns 17,242 shares of the company’s stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. DA Davidson boosted their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Wedbush reissued an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, May 16th. Barclays lifted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price target on shares of Dynatrace in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Dynatrace Price Performance

Shares of NYSE:DT opened at $54.02 on Friday. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The firm has a market capitalization of $16.19 billion, a P/E ratio of 33.76, a P/E/G ratio of 7.05 and a beta of 0.92. The company’s fifty day moving average price is $49.16 and its 200 day moving average price is $52.65.

Dynatrace (NYSE:DT) last released 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. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current 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.