Dynatrace, Inc. (NYSE:DT) Stock Holdings Reduced by Tredje AP fonden

Tredje AP fonden cut its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,494 shares of the company’s stock after selling 718 shares during the period. Tredje AP fonden owned 0.06% of Dynatrace worth $7,628,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DT. Jericho Capital Asset Management L.P. bought a new stake in Dynatrace in the first quarter worth $133,701,000. Norges Bank acquired a new stake in shares of Dynatrace in the fourth quarter worth about $148,515,000. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 9.8% during the 4th quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock worth $1,436,393,000 after acquiring an additional 2,348,246 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its stake in shares of Dynatrace by 670.2% in the 1st quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock valued at $84,332,000 after acquiring an additional 1,580,162 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Dan Zugelder sold 11,022 shares of the business’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 sale, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s 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 sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the transaction, the executive vice president now 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. Insiders sold 76,426 shares of company stock worth $3,804,069 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on DT. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Wedbush reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a report on Thursday, August 8th. Loop Capital dropped their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Wells Fargo & Company cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, 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. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $51.82 on Thursday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market cap of $15.45 billion, a P/E ratio of 99.65, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. The firm’s 50-day simple moving average is $47.33 and its 200-day simple moving average is $46.48.

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