Dynatrace, Inc. (NYSE:DT) Holdings Reduced by ClariVest Asset Management LLC

ClariVest Asset Management LLC decreased its position in Dynatrace, Inc. (NYSE:DTGet Rating) by 0.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 78,510 shares of the company’s stock after selling 300 shares during the period. ClariVest Asset Management LLC’s holdings in Dynatrace were worth $3,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC boosted its holdings in shares of Dynatrace by 15.5% in the fourth quarter. MML Investors Services LLC now owns 31,644 shares of the company’s stock valued at $1,910,000 after acquiring an additional 4,243 shares in the last quarter. State Street Corp lifted its position in shares of Dynatrace by 2.6% in the 4th quarter. State Street Corp now owns 4,153,521 shares of the company’s stock valued at $250,665,000 after acquiring an additional 106,732 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Dynatrace by 46.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 815,363 shares of the company’s stock valued at $49,207,000 after acquiring an additional 257,743 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Dynatrace by 611.5% in the 4th quarter. Renaissance Technologies LLC now owns 451,800 shares of the company’s stock valued at $27,266,000 after acquiring an additional 388,300 shares in the last quarter. Finally, Lee Capital Holdings LLC purchased a new stake in shares of Dynatrace in the 4th quarter valued at approximately $4,041,000. Institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the subject of several research analyst reports. Barclays reduced their price target on shares of Dynatrace from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, May 19th. Robert W. Baird cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. TheStreet upgraded shares of Dynatrace from a “d+” rating to a “c” rating in a research report on Thursday, June 23rd. Rosenblatt Securities cut their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Finally, Royal Bank of Canada cut their target price on shares of Dynatrace from $65.00 to $47.00 in a research report on Friday, May 13th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Insiders Place Their Bets

In other Dynatrace news, CRO Stephen J. Pace sold 3,972 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $136,120.44. Following the sale, the executive now directly owns 71,438 shares in the company, valued at approximately $2,448,180.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dynatrace news, CRO Stephen J. Pace sold 3,972 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $136,120.44. Following the sale, the executive now directly owns 71,438 shares in the company, valued at approximately $2,448,180.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bernd Greifeneder sold 6,927 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $237,388.29. Following the completion of the sale, the senior vice president now owns 856,942 shares in the company, valued at $29,367,402.34. The disclosure for this sale can be found here. Insiders have sold 16,468 shares of company stock worth $564,303 in the last ninety days. Insiders own 0.51% of the company’s stock.

Dynatrace Stock Performance

NYSE:DT opened at $37.72 on Thursday. Dynatrace, Inc. has a 1 year low of $29.41 and a 1 year high of $80.13. The firm’s fifty day simple moving average is $39.47 and its 200 day simple moving average is $42.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $10.84 billion, a PE ratio of 209.57, a PEG ratio of 4.87 and a beta of 1.44.

Dynatrace (NYSE:DTGet Rating) last posted its earnings results on Wednesday, May 18th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Dynatrace had a net margin of 5.64% and a return on equity of 8.44%. The firm had revenue of $252.60 million during the quarter, compared to analyst estimates of $246.54 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.37 EPS for the current year.

Dynatrace Company Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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