Beck Bode LLC Sells 958 Shares of Dynatrace, Inc. (NYSE:DT)

Beck Bode LLC lowered its stake in Dynatrace, Inc. (NYSE:DT) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,314 shares of the company’s stock after selling 958 shares during the quarter. Beck Bode LLC’s holdings in Dynatrace were worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DT. American Century Companies Inc. raised its holdings in shares of Dynatrace by 11,824.1% during the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock valued at $112,702,000 after buying an additional 2,391,545 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock valued at $1,117,596,000 after buying an additional 1,940,604 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Dynatrace by 104.7% during the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock valued at $102,205,000 after buying an additional 956,000 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Dynatrace during the 4th quarter valued at about $45,152,000. Finally, Jennison Associates LLC raised its holdings in shares of Dynatrace by 3,184.4% during the 4th quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock valued at $39,632,000 after buying an additional 702,603 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock traded down $1.20 during mid-day trading on Tuesday, reaching $45.31. 2,248,405 shares of the stock traded hands, compared to its average volume of 3,468,514. The stock has a market capitalization of $13.34 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 4.04 and a beta of 1.07. Dynatrace, Inc. has a 12-month low of $40.57 and a 12-month high of $61.41. The business’s 50-day moving average is $46.80 and its 200-day moving average is $50.81.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Equities analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DT. Jefferies Financial Group raised Dynatrace from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Barclays decreased their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Monday, April 1st. TD Cowen decreased their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Scotiabank lifted their price target on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.08.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock worth $750,893,396 in the last quarter. 0.54% of the stock is owned by corporate insiders.

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.