Farther Finance Advisors LLC Trims Stock Position in Dynatrace, Inc. $DT

Farther Finance Advisors LLC lowered its position in shares of Dynatrace, Inc. (NYSE:DT) by 33.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,549 shares of the company’s stock after selling 768 shares during the period. Farther Finance Advisors LLC’s holdings in Dynatrace were worth $86,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Keybank National Association OH grew its stake in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock valued at $34,808,000 after acquiring an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock valued at $1,173,000 after acquiring an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock valued at $5,734,000 after acquiring an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Dynatrace during the first quarter valued at approximately $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in Dynatrace in the 1st quarter worth approximately $3,846,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock valued at $154,429 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of DT opened at $49.58 on Friday. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 4.36 and a beta of 0.88. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a 50 day moving average price of $49.38 and a 200-day moving average price of $50.24.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm 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 business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer assumed coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 price target for the company. Wall Street Zen cut shares of Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research note 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 for the company in a research note on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dynatrace in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.52.

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.