Dynatrace, Inc. $DT Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 50.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 87,565 shares of the company’s stock after selling 90,917 shares during the quarter. Trexquant Investment LP’s holdings in Dynatrace were worth $4,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DT. CX Institutional bought a new stake in shares of Dynatrace in the first quarter worth $40,000. Brooklyn Investment Group grew its holdings in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace in the 1st quarter worth about $45,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock valued at $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 during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace 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 sale, the executive vice president owned 17,242 shares of the company’s stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $50.59 on Tuesday. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 4.45 and a beta of 0.91. The stock’s fifty day moving average is $51.87 and its two-hundred day moving average is $51.19.

Dynatrace (NYSE:DT) last released 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 business had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. As a group, analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DT. Guggenheim boosted their price objective on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Morgan Stanley set a $55.00 price target on Dynatrace in a research report on Thursday, May 15th. Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. Finally, KeyCorp assumed coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $62.72.

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.