Dynatrace, Inc. (NYSE:DT) Holdings Lowered by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) 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

DT has been the topic of a number of research analyst reports. Scotiabank boosted their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Loop Capital lowered their price target 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. Guggenheim cut their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. BMO Capital Markets boosted 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. Finally, Wells Fargo & Company cut their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

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) 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.