Dynatrace, Inc. (NYSE:DT) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its holdings in Dynatrace, Inc. (NYSE:DT) by 58.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,309 shares of the company’s stock after selling 15,644 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Dynatrace were worth $525,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in Dynatrace during the fourth quarter worth about $25,000. DSM Capital Partners LLC acquired a new position in shares of Dynatrace in the fourth quarter worth $28,000. Rise Advisors LLC purchased a new position in Dynatrace in the 1st quarter valued at about $30,000. NewSquare Capital LLC purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $32,000. Finally, Planned Solutions Inc. acquired a new position in Dynatrace in the 4th quarter valued at $38,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Up 1.9 %

Shares of NYSE DT opened at $44.38 on Friday. The firm’s 50-day simple moving average is $46.18 and its 200 day simple moving average is $49.97. The stock has a market cap of $13.20 billion, a P/E ratio of 85.35, a P/E/G ratio of 6.58 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $43.02 and a fifty-two week high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The company had revenue of $380.85 million for the quarter, compared to analyst estimates of $375.20 million. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares in the company, valued at approximately $11,828,382.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research reports. Barclays cut their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 20th. Bank of America dropped their price target on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird decreased their price objective on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. JPMorgan Chase & Co. decreased their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. Finally, Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a report on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $61.54.

Dynatrace 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.