First Horizon Advisors Inc. bought a new position in Dynatrace, Inc. (NYSE:DT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,271 shares of the company’s stock, valued at approximately $109,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Dynatrace by 76.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 18,900 shares of the company’s stock valued at $912,000 after purchasing an additional 8,200 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Dynatrace by 140.3% in the first quarter. Vontobel Holding Ltd. now owns 74,430 shares of the company’s stock valued at $3,590,000 after purchasing an additional 43,460 shares during the period. Nvwm LLC lifted its stake in shares of Dynatrace by 4.0% in the first quarter. Nvwm LLC now owns 9,275 shares of the company’s stock valued at $447,000 after purchasing an additional 359 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of Dynatrace by 1,313.7% in the first quarter. Banque Cantonale Vaudoise now owns 11,027 shares of the company’s stock valued at $532,000 after purchasing an additional 10,247 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Dynatrace by 1.8% in the first quarter. Jennison Associates LLC now owns 9,176,760 shares of the company’s stock valued at $442,687,000 after purchasing an additional 166,131 shares during the period. Institutional investors own 93.17% of the company’s stock.
In other news, CEO Siclen John Van sold 55,000 shares of the business’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $54.31, for a total transaction of $2,987,050.00. Following the transaction, the chief executive officer now directly owns 699,552 shares of the company’s stock, valued at $37,992,669.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bernd Greifeneder sold 7,074 shares of the business’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $44.87, for a total transaction of $317,410.38. Following the transaction, the senior vice president now directly owns 877,884 shares in the company, valued at $39,390,655.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,852 shares of company stock worth $6,736,586. Corporate insiders own 1.50% of the company’s stock.
Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $196.50 million for the quarter, compared to analysts’ expectations of $191.69 million. Dynatrace had a net margin of 10.76% and a return on equity of 12.89%. Dynatrace’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. On average, research analysts anticipate that Dynatrace, Inc. will post 0.4 earnings per share for the current fiscal year.
Several research firms have weighed in on DT. Jefferies Financial Group dropped their target price on shares of Dynatrace from $56.00 to $53.00 and set a “hold” rating for the company in a report on Tuesday, May 18th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Dynatrace from $63.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, May 13th. Citigroup raised their target price on shares of Dynatrace from $63.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, May 13th. Zacks Investment Research downgraded shares of Dynatrace from a “hold” rating to a “sell” rating in a report on Friday, May 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $66.00 price target on shares of Dynatrace in a report on Monday, March 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.52.
Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It operates Dynatrace, a platform for running and optimizing multi-cloud environments. Its 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; and 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.
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