Dynatrace, Inc. $DT Stock Position Lowered by Burney Co.

Burney Co. lessened its position in Dynatrace, Inc. (NYSE:DT) by 14.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,082 shares of the company’s stock after selling 3,458 shares during the period. Burney Co.’s holdings in Dynatrace were worth $1,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bridges Investment Management Inc. raised its stake in shares of Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock worth $1,173,000 after buying an additional 11,234 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Dynatrace during the first quarter worth $2,175,000. Belpointe Asset Management LLC acquired a new stake in shares of Dynatrace during the first quarter worth $327,000. Charles Schwab Investment Management Inc. raised its position in shares of Dynatrace by 8.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,218,892 shares of the company’s stock worth $104,621,000 after purchasing an additional 166,648 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Dynatrace by 2.4% during the first quarter. Hsbc Holdings PLC now owns 329,615 shares of the company’s stock worth $15,516,000 after purchasing an additional 7,584 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Down 1.7%

NYSE:DT opened at $49.62 on Wednesday. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 4.45 and a beta of 0.85. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The business’s fifty day moving average price is $49.21 and its 200 day moving average price is $50.84.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.Dynatrace’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the transaction, the executive vice president directly owned 1,420 shares in the company, valued at approximately $71,000. The trade was a 84.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,602 shares of company stock valued at $529,579 in the last three months. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent analyst reports. Guggenheim boosted their target price on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets lowered their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen cut shares of Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup lowered their price objective on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Finally, Oppenheimer assumed coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.09.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.