CIBC Private Wealth Group LLC trimmed its position in Dynatrace, Inc. (NYSE:DT – Get Rating) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,761 shares of the company’s stock after selling 1,897 shares during the period. CIBC Private Wealth Group LLC owned 0.11% of Dynatrace worth $19,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP purchased a new stake in Dynatrace in the third quarter valued at $44,000. CWM LLC acquired a new stake in Dynatrace in the 4th quarter valued at about $48,000. Rockefeller Capital Management L.P. raised its holdings in Dynatrace by 289.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 868 shares of the company’s stock valued at $61,000 after acquiring an additional 645 shares during the last quarter. National Bank of Canada FI acquired a new stake in Dynatrace in the 4th quarter valued at about $70,000. Finally, GraniteShares Advisors LLC acquired a new stake in Dynatrace in the 4th quarter valued at about $82,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CRO Stephen J. Pace sold 1,585 shares of Dynatrace stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $43.49, for a total transaction of $68,931.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The shares were purchased at an average cost of $39.90 per share, with a total value of $99,750.00. The disclosure for this purchase can be found here. Insiders sold a total of 9,131 shares of company stock valued at $397,957 in the last three months. 0.88% of the stock is currently owned by corporate insiders.
Dynatrace (NYSE:DT – Get Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Dynatrace had a net margin of 8.99% and a return on equity of 9.71%. The company had revenue of $240.80 million during the quarter, compared to analysts’ expectations of $234.50 million. During the same quarter last year, the company posted $0.13 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Dynatrace, Inc. will post 0.35 EPS for the current fiscal year.
A number of analysts have commented on the stock. BTIG Research downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Thursday, February 3rd. Needham & Company LLC cut their price objective on shares of Dynatrace from $68.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, February 1st. TheStreet downgraded shares of Dynatrace from a “c-” rating to a “d” rating in a report on Friday, January 21st. Zacks Investment Research downgraded shares of Dynatrace from a “hold” rating to a “sell” rating in a report on Monday, April 4th. Finally, JMP Securities restated a “buy” rating and set a $80.00 price target on shares of Dynatrace in a report on Tuesday, March 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace presently has an average rating of “Buy” and an average price target of $66.68.
About Dynatrace (Get Rating)
Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform for running and optimizing the applications and services. The company's products include AppMon that works in various application environments, such as Java, .NET, PHP, Node.js, GoLang, SQL, NoSQL, CICS, IMS, AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions; and Classic Real User Monitoring.
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