Magnetar Financial LLC Sells 52,813 Shares of Dynatrace, Inc. (NYSE:DT)

Magnetar Financial LLC reduced its position in Dynatrace, Inc. (NYSE:DT) by 55.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,751 shares of the company’s stock after selling 52,813 shares during the period. Magnetar Financial LLC’s holdings in Dynatrace were worth $1,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DT. 1492 Capital Management LLC increased its position in Dynatrace by 1.0% in the fourth quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after purchasing an additional 224 shares during the period. Bessemer Group Inc. lifted its holdings in Dynatrace by 3.8% in the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after buying an additional 226 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Dynatrace by 76.7% during the 1st 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. State of Alaska Department of Revenue lifted its stake in shares of Dynatrace by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after purchasing an additional 260 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock worth $255,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, 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 a total of 76,426 shares of company stock worth $3,804,069 in the last three months. Insiders own 0.54% of the company’s stock.

Dynatrace Stock Up 1.3 %

NYSE:DT opened at $52.01 on Tuesday. The company has a market cap of $15.51 billion, a P/E ratio of 100.02, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The business has a 50 day moving average price of $47.80 and a two-hundred day moving average price of $46.57.

Dynatrace (NYSE:DT) last announced 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. The business had revenue of $399.20 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on DT. Wedbush reiterated a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a report on Thursday, August 8th. Loop Capital lowered their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Guggenheim reduced their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Wells Fargo & Company lowered their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Scotiabank increased their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

Dynatrace Company 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.