Robeco Institutional Asset Management B.V. Purchases 629,626 Shares of Dynatrace, Inc. (NYSE:DT)

Robeco Institutional Asset Management B.V. lifted its position in Dynatrace, Inc. (NYSE:DT) by 235.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 897,442 shares of the company’s stock after buying an additional 629,626 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.30% of Dynatrace worth $42,314,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position 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. Captrust Financial Advisors increased its holdings in Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after purchasing an additional 177 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after purchasing an additional 216 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after purchasing an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Dynatrace by 35.4% during the 1st 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. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $54.85 on Friday. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a market capitalization of $16.44 billion, a P/E ratio of 34.28, a PEG ratio of 4.80 and a beta of 0.92. The stock has a 50-day simple moving average of $51.75 and a 200 day simple moving average of $52.49.

Dynatrace (NYSE:DT) last issued its quarterly earnings data 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. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The company had revenue of $445.17 million during the quarter, compared to analysts’ expectations of $435.14 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up 16.9% on a year-over-year basis. Research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on DT. Wedbush reiterated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Loop Capital lowered their target price on Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Barclays increased their target price on Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. Finally, Royal Bank Of Canada increased their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Seven 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.26.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president now owns 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.

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.