Lazard Asset Management LLC Sells 83,419 Shares of Dynatrace, Inc. (NYSE:DT)

Lazard Asset Management LLC lowered its position in Dynatrace, Inc. (NYSE:DT) by 98.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,654 shares of the company’s stock after selling 83,419 shares during the period. Lazard Asset Management LLC’s holdings in Dynatrace were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Dynatrace by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after buying an additional 177 shares during the period. Quadrant Capital Group LLC lifted its holdings in Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock valued at $183,000 after buying an additional 216 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after acquiring an additional 222 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after purchasing an additional 253 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

NYSE DT opened at $53.31 on Monday. The stock has a 50-day simple moving average of $47.44 and a 200 day simple moving average of $52.55. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a market capitalization of $15.96 billion, a PE ratio of 33.32, a P/E/G ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group upped their target price on Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Bank of America upped their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.43.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.