Dynatrace, Inc. (NYSE:DT) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT) by 11.5% during the 4th quarter, Holdings Channel reports. The fund owned 22,218 shares of the company’s stock after selling 2,877 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Dynatrace were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its position in Dynatrace by 35.9% during the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Dynatrace by 3.0% in the third quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after acquiring an additional 234 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Dynatrace by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after acquiring an additional 240 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of Dynatrace by 1.7% in the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after acquiring an additional 263 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Dynatrace by 3.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company’s stock valued at $420,000 after acquiring an additional 265 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the sale, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the completion of the sale, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock valued at $750,893,396 in the last ninety days. Insiders own 0.54% of the company’s stock.

Dynatrace Stock Performance

NYSE DT traded up $0.50 during trading on Friday, reaching $47.10. 1,924,285 shares of the company’s stock were exchanged, compared to its average volume of 3,508,077. The stock has a market cap of $13.87 billion, a P/E ratio of 71.36, a price-to-earnings-growth ratio of 4.01 and a beta of 1.07. The company has a 50 day moving average price of $46.99 and a two-hundred day moving average price of $50.80. Dynatrace, Inc. has a 1 year low of $40.57 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Research analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DT shares. Rosenblatt Securities raised their target price on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley initiated coverage on Dynatrace in a research report on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 target price on the stock. Scotiabank increased their price target on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. Citigroup increased their price target on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. cut their price target on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.08.

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.