Y.D. More Investments Ltd Cuts Stake in Dynatrace, Inc. (NYSE:DT)

Y.D. More Investments Ltd cut its position in Dynatrace, Inc. (NYSE:DT) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,647 shares of the company’s stock after selling 7,701 shares during the period. Y.D. More Investments Ltd’s holdings in Dynatrace were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DT. SG Americas Securities LLC acquired a new position in shares of Dynatrace in the 3rd quarter valued at about $650,000. Commonwealth Equity Services LLC lifted its stake in shares of Dynatrace by 34.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 30,107 shares of the company’s stock valued at $1,407,000 after purchasing an additional 7,720 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Dynatrace by 11.9% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,173 shares of the company’s stock valued at $3,700,000 after buying an additional 8,400 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Dynatrace during the 3rd quarter valued at about $290,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Dynatrace by 33.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 227,745 shares of the company’s stock valued at $10,643,000 after buying an additional 57,083 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley assumed coverage on Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Rosenblatt Securities boosted their price target on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Wolfe Research started coverage on Dynatrace in a report on Monday, March 18th. They issued an “outperform” rating and a $60.00 price target for the company. Finally, Citigroup boosted their price objective on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.08.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total value 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 $26,687,242.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dynatrace 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 value of $103,352.81. Following the completion of the transaction, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders sold a total of 14,278,591 shares of company stock valued at $750,893,396 over the last three months. Company insiders own 0.54% of the company’s stock.

Dynatrace Trading Up 0.6 %

DT traded up $0.27 during midday trading on Wednesday, reaching $45.58. The company’s stock had a trading volume of 1,992,856 shares, compared to its average volume of 3,450,946. The stock has a market cap of $13.42 billion, a P/E ratio of 68.65, a PEG ratio of 3.99 and a beta of 1.07. The company has a fifty day simple moving average of $46.80 and a 200 day simple moving average of $50.81. Dynatrace, Inc. has a twelve month low of $40.57 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Sell-side analysts expect that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Dynatrace Company Profile

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.