Elo Mutual Pension Insurance Co Sells 588 Shares of Dynatrace, Inc. (NYSE:DT)

Elo Mutual Pension Insurance Co lessened its position in Dynatrace, Inc. (NYSE:DT) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,444 shares of the company’s stock after selling 588 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dynatrace were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DT. Geneos Wealth Management Inc. increased its stake in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc increased its stake in Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace in the second quarter valued at $26,000. DSM Capital Partners LLC bought a new position in Dynatrace in the fourth quarter valued at $28,000. Finally, Rise Advisors LLC bought a new position in Dynatrace in the first quarter valued at $30,000. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets increased their target price on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Loop Capital reduced their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Guggenheim reduced 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 raised 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 issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Dynatrace Price Performance

Shares of DT opened at $51.34 on Friday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company has a 50-day simple moving average of $47.64 and a two-hundred day simple moving average of $46.54. The firm has a market capitalization of $15.31 billion, a PE ratio of 98.73, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05.

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

Insider Activity

In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred 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 $33,505,230.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred 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 $33,505,230.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on 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 owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,426 shares of company stock worth $3,804,069. Insiders own 0.54% of the company’s stock.

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.