Victory Capital Management Inc. Sells 31,625 Shares of Dynatrace, Inc. (NYSE:DT)

Victory Capital Management Inc. trimmed its position in Dynatrace, Inc. (NYSE:DT) by 7.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 379,185 shares of the company’s stock after selling 31,625 shares during the quarter. Victory Capital Management Inc.’s holdings in Dynatrace were worth $20,738,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Dynatrace in the fourth quarter valued at approximately $25,000. NewSquare Capital LLC bought a new position in shares of Dynatrace in the 4th quarter worth $32,000. Planned Solutions Inc. acquired a new stake in shares of Dynatrace during the fourth quarter worth $38,000. Lindbrook Capital LLC increased its holdings in Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after purchasing an additional 187 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Dynatrace in the fourth quarter valued at about $74,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial upped their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Citigroup lifted their price target on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets lowered their price objective on shares of Dynatrace from $63.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday. Capital One Financial initiated coverage on Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock. Finally, Barclays lowered their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the business’s 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 sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,278,591 shares of company stock worth $750,893,396. Company insiders own 0.54% of the company’s stock.

Dynatrace Trading Up 0.7 %

NYSE DT opened at $46.40 on Friday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 70.30, a price-to-earnings-growth ratio of 3.95 and a beta of 1.06. The firm’s fifty day moving average price is $46.40 and its two-hundred day moving average price is $50.73. Dynatrace, Inc. has a 1 year low of $43.29 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. On average, research analysts anticipate 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.