Federated Hermes Inc. Has $8.54 Million Stake in Dynatrace, Inc. (NYSE:DT)

Federated Hermes Inc. trimmed its holdings in Dynatrace, Inc. (NYSE:DT) by 38.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,875 shares of the company’s stock after selling 121,298 shares during the period. Federated Hermes Inc. owned about 0.06% of Dynatrace worth $8,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in shares of Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares during the period. Versant Capital Management Inc raised its holdings in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Dynatrace during the second quarter worth about $26,000. DSM Capital Partners LLC bought a new stake in Dynatrace during the fourth quarter worth about $28,000. Finally, Rise Advisors LLC bought a new stake in Dynatrace during the first quarter worth about $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The disclosure for this sale can be found here. Insiders have sold 76,426 shares of company stock valued at $3,804,069 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the topic of several analyst reports. Wedbush reiterated a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a report on Thursday, August 8th. Piper Sandler assumed coverage on Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective on the stock. BMO Capital Markets upped their price objective on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Guggenheim dropped their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, Scotiabank upped their price objective on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $59.70.

Dynatrace Price Performance

Shares of NYSE:DT opened at $52.09 on Wednesday. The company has a market capitalization of $15.53 billion, a P/E ratio of 100.17, a P/E/G ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The business’s 50 day simple moving average is $47.15 and its 200 day simple moving average is $46.44.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal 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.