Cerity Partners LLC Has $279,000 Stake in Dynatrace, Inc. (NYSE:DT)

Cerity Partners LLC reduced its position in Dynatrace, Inc. (NYSE:DT) by 60.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,908 shares of the company’s stock after selling 9,193 shares during the quarter. Cerity Partners LLC’s holdings in Dynatrace were worth $279,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DT. Corient Private Wealth LLC bought a new position in Dynatrace in the 4th quarter valued at about $258,000. LPL Financial LLC grew its position in Dynatrace by 24.4% in the fourth quarter. LPL Financial LLC now owns 204,088 shares of the company’s stock valued at $10,967,000 after acquiring an additional 40,004 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Dynatrace by 69.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,870 shares of the company’s stock valued at $11,896,000 after acquiring an additional 89,377 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Dynatrace by 11.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 210,623 shares of the company’s stock valued at $11,544,000 after acquiring an additional 22,367 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in Dynatrace by 21.5% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 30,564 shares of the company’s stock valued at $1,661,000 after acquiring an additional 5,417 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DT. BMO Capital Markets lifted their target price on Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. KeyCorp began coverage on Dynatrace in a research report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Morgan Stanley set a $55.00 target price on Dynatrace in a research report on Thursday, May 15th. Finally, UBS Group lifted their target price on Dynatrace from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.35.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president directly 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 accessible through this link. Company insiders own 0.57% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $54.18 on Monday. The stock’s 50 day moving average is $54.21 and its 200 day moving average is $52.43. The firm has a market cap of $16.35 billion, a P/E ratio of 33.86, a P/E/G ratio of 4.73 and a beta of 0.91. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

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

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.