Stratos Wealth Partners LTD. Sells 3,797 Shares of Dynatrace, Inc. (NYSE:DT)

Stratos Wealth Partners LTD. decreased its stake in Dynatrace, Inc. (NYSE:DT) by 33.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,725 shares of the company’s stock after selling 3,797 shares during the period. Stratos Wealth Partners LTD.’s holdings in Dynatrace were worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DT. Keybank National Association OH raised its holdings in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock valued at $34,808,000 after buying an additional 170,380 shares during the last quarter. Allstate Corp acquired a new position in Dynatrace during the 4th quarter worth approximately $471,000. Asset Management One Co. Ltd. raised its stake in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock worth $5,734,000 after purchasing an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Dynatrace in the 1st quarter valued at $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in Dynatrace in the 1st quarter valued at $3,846,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

DT stock opened at $52.23 on Wednesday. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company’s 50 day simple moving average is $53.81 and its 200-day simple moving average is $52.46. The firm has a market capitalization of $15.76 billion, a PE ratio of 32.65, a P/E/G ratio of 4.59 and a beta of 0.91.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Dynatrace from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Wedbush restated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Royal Bank Of Canada raised their target price on Dynatrace from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. DA Davidson boosted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Finally, Loop Capital reduced their price objective on Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.26.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

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.