5 Best Cybersecurity Stocks to Buy Now

4. Dynatrace, Inc. (NYSE: DT)

Number of Hedge Fund Holders: 52

Dynatrace, Inc. (NYSE: DT) is an Australian technology company providing software intelligence with the help of artificial intelligence. The company’s operations include monitoring and optimizing application performance and development. It has thousands of top global brands as customers.

In Q4 FY21, Dynatrace, Inc. (NYSE: DT) reported a net income of $43.3 million, up from $28.1 million during the same period last year. The EPS beat the market estimate marginally by $0.01 at $0.15. The revenue grew by 32% year-over-year at $196.5 million, with subscription revenue accounting for $182.8 million. For Q1 FY22, the company issued strong guidance, expecting revenue in the range of $202 to $204 million and EPS between $0.14 and $0.15. Free cash flow accounted for 34% of the total revenue at $237 million, compared with $149.5 million in 2020. Recently, BMO raised its price target on the DT stock from $56 to $70, with an ‘Outperform’ rating, and appreciated the stock’s year-to-date performance and strong quarterly results, in-line with the consensus. The stock has gained 41% year to date.

At the end of Q1 2021, 52 hedge funds tracked by Insider Monkey have positions in Dynatrace, Inc. (NYSE: DT), worth $1.63 billion. This is compared with 53 funds in the previous quarter. With 6.4 million shares, worth $312.9 million, HMI Capital is the company’s largest shareholder.