Dynatrace, Inc. (NYSE:DT) Stock Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Dynatrace, Inc. (NYSE:DT) by 79.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,917 shares of the company’s stock after selling 10,989 shares during the quarter. SG Americas Securities LLC’s holdings in Dynatrace were worth $160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of Dynatrace during the 4th quarter worth about $25,000. Quarry LP bought a new stake in shares of Dynatrace during the 1st quarter worth about $26,000. Advisory Services Network LLC boosted its stake in shares of Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Dynatrace during the 3rd quarter worth about $35,000. Finally, KB Financial Partners LLC bought a new stake in shares of Dynatrace during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DT shares. Scotiabank upped their price target on Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 5th. Rosenblatt Securities upped their price target on Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Barclays cut their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price objective on shares of Dynatrace in a research report on Friday, February 9th. Finally, Jefferies Financial Group raised Dynatrace from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $70.00 in a research report on Friday, January 5th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $61.04.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares in the company, valued at $847,614,494.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,278,591 shares of company stock valued at $750,893,396. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Trading Down 2.0 %

Shares of DT opened at $44.94 on Tuesday. Dynatrace, Inc. has a 1 year low of $40.43 and a 1 year high of $61.41. The stock has a 50 day simple moving average of $48.54 and a 200-day simple moving average of $50.93. The stock has a market cap of $13.23 billion, a PE ratio of 68.09, a PEG ratio of 3.92 and a beta of 1.07.

Dynatrace (NYSE:DT) last issued its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. On average, sell-side analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.