Park Avenue Securities LLC Purchases 3,590 Shares of Dynatrace, Inc. (NYSE:DT)

Park Avenue Securities LLC increased its position in shares of Dynatrace, Inc. (NYSE:DTGet Rating) by 40.3% in the 1st quarter, HoldingsChannel reports. The fund owned 12,504 shares of the company’s stock after acquiring an additional 3,590 shares during the period. Park Avenue Securities LLC’s holdings in Dynatrace were worth $589,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DT. Brown Advisory Inc. increased its stake in Dynatrace by 5.1% during the 4th quarter. Brown Advisory Inc. now owns 9,810,086 shares of the company’s stock valued at $592,038,000 after purchasing an additional 476,189 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Dynatrace during the 4th quarter valued at approximately $284,880,000. Goldman Sachs Group Inc. increased its stake in Dynatrace by 37.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,329,557 shares of the company’s stock valued at $261,289,000 after purchasing an additional 1,173,297 shares in the last quarter. State Street Corp increased its stake in Dynatrace by 2.6% during the 4th quarter. State Street Corp now owns 4,153,521 shares of the company’s stock valued at $250,665,000 after purchasing an additional 106,732 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Dynatrace by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 2,450,438 shares of the company’s stock valued at $147,680,000 after purchasing an additional 110,389 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Dynatrace Stock Performance

DT opened at $37.12 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 206.23, a PEG ratio of 5.44 and a beta of 1.44. Dynatrace, Inc. has a 52-week low of $29.41 and a 52-week high of $80.13. The firm’s fifty day simple moving average is $39.25 and its two-hundred day simple moving average is $42.68.

Dynatrace (NYSE:DTGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $252.60 million for the quarter, compared to analysts’ expectations of $246.54 million. Dynatrace had a net margin of 5.64% and a return on equity of 8.44%. The business’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. Equities analysts anticipate that Dynatrace, Inc. will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on DT shares. Barclays cut their price target on shares of Dynatrace from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 19th. Royal Bank of Canada cut their price objective on shares of Dynatrace from $65.00 to $47.00 in a research note on Friday, May 13th. Rosenblatt Securities cut their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. Canaccord Genuity Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Dynatrace in a research note on Thursday, July 7th. Finally, Truist Financial cut their price objective on shares of Dynatrace from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Bernd Greifeneder sold 6,927 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $34.27, for a total transaction of $237,388.29. Following the transaction, the senior vice president now directly owns 856,942 shares of the company’s stock, valued at $29,367,402.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Alicia Allen sold 1,336 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $34.26, for a total value of $45,771.36. Following the transaction, the chief accounting officer now directly owns 69,738 shares of the company’s stock, valued at $2,389,223.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bernd Greifeneder sold 6,927 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.27, for a total transaction of $237,388.29. Following the completion of the transaction, the senior vice president now directly owns 856,942 shares in the company, valued at $29,367,402.34. The disclosure for this sale can be found here. Insiders have sold a total of 16,468 shares of company stock valued at $564,303 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Dynatrace Company 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.

See Also

Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DTGet Rating).

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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