Renaissance Group LLC Sells 78,103 Shares of Dynatrace, Inc. $DT

Renaissance Group LLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 13.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 519,526 shares of the company’s stock after selling 78,103 shares during the quarter. Renaissance Group LLC owned approximately 0.17% of Dynatrace worth $25,171,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Dynatrace by 3.6% in the second quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company’s stock valued at $1,733,760,000 after buying an additional 1,084,307 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Dynatrace by 0.6% in the second quarter. American Century Companies Inc. now owns 7,845,619 shares of the company’s stock valued at $433,157,000 after acquiring an additional 44,288 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dynatrace by 2.4% in the second quarter. Geode Capital Management LLC now owns 5,757,417 shares of the company’s stock valued at $316,948,000 after acquiring an additional 134,478 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Dynatrace by 6.8% in the 3rd quarter. Congress Asset Management Co. now owns 3,331,422 shares of the company’s stock worth $161,407,000 after acquiring an additional 212,607 shares in the last quarter. Finally, DSM Capital Partners LLC grew its position in Dynatrace by 27.6% during the 2nd quarter. DSM Capital Partners LLC now owns 3,291,325 shares of the company’s stock worth $181,714,000 after acquiring an additional 711,250 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DT shares. Citigroup cut their price objective on Dynatrace from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Barclays reduced their price target on shares of Dynatrace from $62.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada dropped their target price on shares of Dynatrace from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Jefferies Financial Group decreased their price target on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dynatrace in a research report on Monday, December 29th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.32.

Insider Activity at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $46.69, for a total transaction of $93,380.00. Following the completion of the transaction, the chief accounting officer directly owned 23,380 shares in the company, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $46.61, for a total transaction of $1,398,300.00. Following the completion of the sale, the chief executive officer owned 108,125 shares in the company, valued at $5,039,706.25. This represents a 21.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 39,843 shares of company stock worth $1,846,424. 0.57% of the stock is owned by insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $33.76 on Friday. The firm’s 50 day moving average price is $41.95 and its two-hundred day moving average price is $46.41. Dynatrace, Inc. has a 52-week low of $32.83 and a 52-week high of $63.00. The stock has a market cap of $10.18 billion, a PE ratio of 20.22, a PEG ratio of 2.64 and a beta of 0.84.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, November 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Dynatrace had a net margin of 27.33% and a return on equity of 9.24%. The company had revenue of $493.85 million during the quarter, compared to analysts’ expectations of $487.33 million. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.