Dynatrace, Inc. $DT Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 78.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,276 shares of the company’s stock after selling 4,625 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dynatrace were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DT. CX Institutional acquired a new position in shares of Dynatrace during the first quarter worth $40,000. Brooklyn Investment Group lifted its position in shares of Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after purchasing an additional 800 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Dynatrace during the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Dynatrace by 344.0% during the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock worth $52,000 after purchasing an additional 860 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DT. 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. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, May 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. BMO Capital Markets cut their price target on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Finally, KeyCorp began coverage on shares of Dynatrace in a report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.72.

Insider Activity

In related news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Zugelder sold 15,824 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president directly owned 17,242 shares of the company’s stock, valued at $940,033.84. The trade was a 47.86% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

Dynatrace stock opened at $49.94 on Friday. The company has a 50-day simple moving average of $51.48 and a 200-day simple moving average of $50.94. The firm has a market capitalization of $15.06 billion, a P/E ratio of 30.64, a P/E/G ratio of 4.40 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, sell-side analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current 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.