GAMMA Investing LLC Sells 559 Shares of Dynatrace, Inc. (NYSE:DT)

GAMMA Investing LLC lowered its position in Dynatrace, Inc. (NYSE:DT) by 34.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,057 shares of the company’s stock after selling 559 shares during the period. GAMMA Investing LLC’s holdings in Dynatrace were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DT. Lindbrook Capital LLC grew its position in Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after purchasing an additional 187 shares during the period. 1492 Capital Management LLC grew its holdings in shares of Dynatrace by 1.0% during the fourth quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after buying an additional 224 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Dynatrace by 2.8% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after acquiring an additional 240 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock worth $255,000 after acquiring an additional 270 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. raised its holdings in shares of Dynatrace by 1.6% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 19,923 shares of the company’s stock worth $1,090,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

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

Dynatrace Price Performance

Dynatrace stock opened at $43.84 on Tuesday. The firm has a market capitalization of $13.03 billion, a P/E ratio of 84.30, a PEG ratio of 6.58 and a beta of 1.05. Dynatrace, Inc. has a one year low of $43.02 and a one year high of $61.41. The business has a fifty day moving average price of $46.16 and a 200-day moving average price of $49.87.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. Sell-side analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on DT shares. Royal Bank of Canada lowered their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. Truist Financial restated a “buy” rating and set a $60.00 price objective (down from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Wedbush reiterated a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research note on Thursday, May 16th. Robert W. Baird lowered their target price on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.54.

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.