Benson Investment Management Company Inc. Buys New Shares in Dynatrace, Inc. (NYSE:DT)

Benson Investment Management Company Inc. bought a new position in shares of Dynatrace, Inc. (NYSE:DT) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 69,593 shares of the company’s stock, valued at approximately $3,281,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC raised its stake in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the fourth quarter valued at about $38,000. Coppell Advisory Solutions LLC increased its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after acquiring an additional 669 shares during the period. Huntington National Bank raised its position in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after purchasing an additional 606 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. DA Davidson boosted their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Barclays increased their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus boosted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.43.

Dynatrace Stock Up 0.9%

DT stock opened at $54.31 on Wednesday. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market cap of $16.27 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The business’s fifty day moving average is $47.98 and its 200-day moving average is $52.59.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

About Dynatrace

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.