Sarasin & Partners LLP lowered its position in Dynatrace, Inc. (NYSE:DT) by 55.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,550 shares of the company’s stock after selling 76,799 shares during the period. Sarasin & Partners LLP’s holdings in Dynatrace were worth $2,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swiss National Bank bought a new stake in Dynatrace in the second quarter worth about $23,771,000. WINTON GROUP Ltd bought a new stake in shares of Dynatrace during the third quarter valued at approximately $2,217,000. Andra AP fonden bought a new stake in shares of Dynatrace during the second quarter valued at approximately $1,904,000. Brinker Capital Inc. bought a new stake in shares of Dynatrace during the second quarter valued at approximately $471,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of Dynatrace during the second quarter valued at approximately $1,088,000. 91.63% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on DT shares. Zacks Investment Research raised shares of Dynatrace from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, October 30th. Robert W. Baird assumed coverage on shares of Dynatrace in a report on Thursday, September 24th. They issued an “outperform” rating and a $50.00 price target on the stock. FBN Securities assumed coverage on shares of Dynatrace in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $50.00 price objective for the company. Needham & Company LLC lifted their price objective on shares of Dynatrace from $38.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, JMP Securities lifted their price objective on shares of Dynatrace from $37.00 to $50.00 in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Dynatrace presently has a consensus rating of “Buy” and a consensus target price of $45.26.
In other news, CEO Siclen John Van sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $40.39, for a total value of $2,221,450.00. Following the transaction, the chief executive officer now directly owns 1,160,680 shares in the company, valued at approximately $46,879,865.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $45.32, for a total transaction of $2,266,000.00. Following the completion of the transaction, the senior vice president now owns 849,111 shares in the company, valued at $38,481,710.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,800 shares of company stock worth $7,476,716. Company insiders own 1.50% of the company’s stock.
Shares of Dynatrace stock traded down $0.21 during mid-day trading on Tuesday, hitting $35.76. The stock had a trading volume of 11,110 shares, compared to its average volume of 2,799,415. The firm has a 50-day moving average of $39.70 and a two-hundred day moving average of $39.14. Dynatrace, Inc. has a 12-month low of $17.10 and a 12-month high of $48.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $10.15 billion, a P/E ratio of 128.47, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70.
Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Dynatrace had a net margin of 12.75% and a return on equity of 10.69%. The business had revenue of $168.60 million during the quarter, compared to analysts’ expectations of $160.76 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Sell-side analysts expect that Dynatrace, Inc. will post 0.34 earnings per share for the current year.
Dynatrace Company Profile
Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It operates Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon that works in various application environments, such as mobile apps, web apps, web browsers, web servers, Java, .NET, Node.js, PHP, databases, middleware, and mainframe; Classic Real User Monitoring, which tracks user's experience from an edge devices comprising smart phones, tablets, PCs, or kiosk through cloud services, as well as customer's web tiers; Network Application Monitoring that provides enterprise applications, network services, user experience, and application delivery across wide-area networks; and Synthetic Classic, which offers customer experience, as well as is used to monitor application and application program interface availability and performance.
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