Dynatrace, Inc. (NYSE:DT) Shares Sold by AtonRa Partners

AtonRa Partners decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,651 shares of the company’s stock after selling 1,338 shares during the period. AtonRa Partners’ holdings in Dynatrace were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Retirement Systems of Alabama raised its stake in shares of Dynatrace by 0.7% during the fourth quarter. Retirement Systems of Alabama now owns 298,658 shares of the company’s stock valued at $16,334,000 after purchasing an additional 2,033 shares during the period. Cercano Management LLC acquired a new position in Dynatrace in the 4th quarter worth $32,022,000. Headlands Technologies LLC acquired a new position in Dynatrace in the 4th quarter worth $213,000. Truist Financial Corp boosted its position in Dynatrace by 8.4% in the 4th quarter. Truist Financial Corp now owns 26,560 shares of the company’s stock valued at $1,453,000 after buying an additional 2,067 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Dynatrace by 24.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,661 shares of the company’s stock valued at $583,000 after acquiring an additional 2,090 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Capital One Financial began coverage on shares of Dynatrace in a research note on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price objective on the stock. Finally, Rosenblatt Securities raised their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.08.

Insider Buying and Selling at Dynatrace

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the transaction, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of Dynatrace stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the transaction, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The disclosure for this sale can be found here. Insiders have sold 14,278,591 shares of company stock valued at $750,893,396 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock traded down $0.59 during trading hours on Monday, reaching $46.51. The stock had a trading volume of 1,438,778 shares, compared to its average volume of 3,482,839. The firm has a 50-day simple moving average of $46.99 and a 200-day simple moving average of $50.83. The firm has a market capitalization of $13.69 billion, a PE ratio of 71.36, a price-to-earnings-growth ratio of 4.04 and a beta of 1.07. Dynatrace, Inc. has a twelve month low of $40.57 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.