Mutual of America Capital Management LLC Sells 5,136 Shares of Dynatrace, Inc. (NYSE:DT)

Mutual of America Capital Management LLC lowered its stake in Dynatrace, Inc. (NYSE:DT) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,721 shares of the company’s stock after selling 5,136 shares during the period. Mutual of America Capital Management LLC’s holdings in Dynatrace were worth $6,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DT. Virtu Financial LLC lifted its stake in shares of Dynatrace by 95.0% in the second quarter. Virtu Financial LLC now owns 25,187 shares of the company’s stock worth $1,127,000 after buying an additional 12,271 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Dynatrace by 68.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock worth $51,601,000 after acquiring an additional 467,121 shares during the period. Walter Public Investments Inc. raised its holdings in Dynatrace by 12.5% in the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock worth $14,321,000 after acquiring an additional 35,626 shares during the period. Envestnet Asset Management Inc. lifted its position in Dynatrace by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,108,196 shares of the company’s stock worth $49,581,000 after acquiring an additional 77,703 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Dynatrace by 10.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,625 shares of the company’s stock valued at $1,191,000 after acquiring an additional 2,435 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $51.34 on Friday. The business has a 50 day simple moving average of $47.64 and a 200 day simple moving average of $46.54. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company 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 earnings results on Wednesday, August 7th. The company reported $0.33 EPS 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 the consensus estimate of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. Equities analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Dynatrace

In related 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 transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,426 shares of company stock valued at $3,804,069. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DT. Piper Sandler began 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. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. BMO Capital Markets increased their price objective on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research 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 research report on Wednesday, June 26th. Finally, Wells Fargo & Company reduced their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.70.

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.