Edgestream Partners L.P. lessened its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 54.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,273 shares of the company’s stock after selling 55,968 shares during the period. Edgestream Partners L.P.’s holdings in Dynatrace were worth $2,070,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. US Bancorp DE boosted its position in Dynatrace by 89.7% during the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after acquiring an additional 22,928 shares during the period. Norden Group LLC purchased a new position in Dynatrace during the 1st quarter valued at about $5,546,000. Crestline Management LP grew its stake in Dynatrace by 385.3% during the 4th quarter. Crestline Management LP now owns 208,064 shares of the company’s stock valued at $11,379,000 after acquiring an additional 165,190 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Dynatrace by 640.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after purchasing an additional 157,739 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were 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 directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,426 shares of company stock valued at $3,804,069. 0.54% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Dynatrace
Dynatrace Price Performance
Shares of DT opened at $52.20 on Friday. The company has a market capitalization of $15.57 billion, a PE ratio of 100.38, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company’s fifty day moving average price is $47.49 and its 200 day moving average price is $46.52.
Dynatrace (NYSE:DT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current year.
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.
Featured Stories
- Five stocks we like better than Dynatrace
- Breakout Stocks: What They Are and How to Identify Them
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- Most Volatile Stocks, What Investors Need to Know
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- What Are Dividend Challengers?
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.