Dynatrace, Inc. (NYSE:DT) Shares Sold by AtonRa Partners

AtonRa Partners lowered its position in shares of Dynatrace, Inc. (NYSE:DT) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,651 shares of the company’s stock after selling 1,338 shares during the quarter. AtonRa Partners’ holdings in Dynatrace were worth $473,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Dynatrace by 11,824.1% during the third quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after purchasing an additional 2,391,545 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock valued at $1,117,596,000 after acquiring an additional 1,940,604 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Dynatrace by 104.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after acquiring an additional 956,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Dynatrace during the fourth quarter worth $45,152,000. Finally, Jennison Associates LLC lifted its position in Dynatrace by 3,184.4% during the fourth quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock valued at $39,632,000 after purchasing an additional 702,603 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock traded down $0.59 during trading hours on Monday, hitting $46.51. The company had a trading volume of 1,438,778 shares, compared to its average volume of 3,482,839. The stock has a market capitalization of $13.69 billion, a PE ratio of 71.36, a price-to-earnings-growth ratio of 4.04 and a beta of 1.07. The company’s fifty day moving average is $46.99 and its 200 day moving average is $50.83. Dynatrace, Inc. has a fifty-two week low of $40.57 and a fifty-two week high of $61.41.

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

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the company’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 sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock worth $750,893,396 in the last three months. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

DT has been the topic of several analyst reports. Rosenblatt Securities increased their price target on Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $70.00 in a research report on Friday, January 5th. Barclays dropped their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a report on Friday, February 9th. Finally, Scotiabank increased their price target on shares of Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.08.

Dynatrace 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.