Axa S.A. Decreases Stake in Dynatrace, Inc. (NYSE:DT)

Axa S.A. lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) by 78.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,032 shares of the company’s stock after selling 110,641 shares during the quarter. Axa S.A.’s holdings in Dynatrace were worth $1,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Dynatrace by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after purchasing an additional 226 shares during the period. Geneos Wealth Management Inc. boosted its holdings 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 in the last quarter. State of Alaska Department of Revenue increased its position in Dynatrace by 0.8% during 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. Ameritas Investment Partners Inc. raised its holdings in Dynatrace by 0.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 68,647 shares of the company’s stock worth $3,188,000 after purchasing an additional 295 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Dynatrace by 62.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 983 shares of the company’s stock worth $44,000 after purchasing an additional 378 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

DT opened at $52.12 on Wednesday. The company’s 50-day simple moving average is $48.86 and its two-hundred day simple moving average is $46.83. The stock has a market capitalization of $15.54 billion, a P/E ratio of 100.23, a P/E/G ratio of 7.83 and a beta of 1.05. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Piper Sandler initiated coverage on Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 target price for the company. Wells Fargo & Company reduced their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Guggenheim increased their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Loop Capital reduced 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. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $60.09.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following 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 Securities & Exchange Commission, which is available at the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s 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 sale, 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 filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock valued at $3,804,069 over the last 90 days. Company insiders own 0.54% of the company’s stock.

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.