Barclays PLC Sells 1,634,102 Shares of Dynatrace, Inc. (NYSE:DT)

Barclays PLC decreased its stake in shares of Dynatrace, Inc. (NYSE:DT – Get Rating) by 77.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 474,998 shares of the company’s stock after selling 1,634,102 shares during the period. Barclays PLC’s holdings in Dynatrace were worth $16,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ellevest Inc. bought a new stake in Dynatrace during the 3rd quarter valued at about $67,000. Los Angeles Capital Management LLC increased its position in Dynatrace by 49.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 792,228 shares of the company’s stock valued at $27,577,000 after purchasing an additional 261,025 shares during the period. Victory Capital Management Inc. increased its position in Dynatrace by 9.2% during the 3rd quarter. Victory Capital Management Inc. now owns 681,153 shares of the company’s stock valued at $23,710,000 after purchasing an additional 57,435 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Dynatrace during the 3rd quarter valued at about $2,044,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Dynatrace during the 3rd quarter valued at about $537,000. Institutional investors own 97.17% of the company’s stock.

Dynatrace Stock Down 2.7 %

NYSE:DT opened at $36.98 on Wednesday. The company has a market cap of $10.64 billion, a PE ratio of 369.84, a P/E/G ratio of 5.06 and a beta of 1.18. Dynatrace, Inc. has a twelve month low of $29.41 and a twelve month high of $56.98. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $37.50 and its two-hundred day moving average is $37.32.

Dynatrace (NYSE:DT – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Dynatrace had a net margin of 2.71% and a return on equity of 7.69%. The company had revenue of $279.33 million for the quarter, compared to the consensus estimate of $273.92 million. Analysts anticipate that Dynatrace, Inc. will post 0.38 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CAO Alicia Allen sold 31,985 shares of Dynatrace stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $39.77, for a total transaction of $1,272,043.45. Following the completion of the sale, the chief accounting officer now directly owns 87,281 shares in the company, valued at approximately $3,471,165.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of a number of research reports. Barclays downgraded shares of Dynatrace from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $39.00 in a research report on Tuesday, January 10th. Robert W. Baird cut their target price on shares of Dynatrace from $49.00 to $40.00 in a research report on Thursday, November 3rd. The Goldman Sachs Group cut their target price on shares of Dynatrace from $61.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. JPMorgan Chase & Co. initiated coverage on shares of Dynatrace in a research report on Monday, October 3rd. They set an “overweight” rating on the stock. Finally, Royal Bank of Canada cut their target price on shares of Dynatrace from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $45.63.

Dynatrace 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.