Stanley Laman Group Ltd. Decreases Position in Dynatrace, Inc. (NYSE:DT)

Stanley Laman Group Ltd. trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 33.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,448 shares of the company’s stock after selling 6,378 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Dynatrace were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DT. Bessemer Group Inc. lifted its stake in shares of Dynatrace by 3.8% during the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after buying an additional 226 shares during the period. Geneos Wealth Management Inc. grew its stake in Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the last quarter. Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Dynatrace by 0.8% in the first quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock worth $1,602,000 after purchasing an additional 260 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dynatrace by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after purchasing an additional 266 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.6 %

Shares of Dynatrace stock opened at $53.24 on Thursday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market capitalization of $15.88 billion, a PE ratio of 102.38, a P/E/G ratio of 7.93 and a beta of 1.06. The firm’s 50-day moving average price is $51.83 and its 200 day moving average price is $47.70.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same quarter last year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DT. Piper Sandler began coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. BMO Capital Markets raised their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Jefferies Financial Group boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush started coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective for the company. Finally, Scotiabank upped their target price on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

About Dynatrace

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.