GAM Holding AG Sells 5,111 Shares of Dynatrace, Inc. $DT

GAM Holding AG lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) by 14.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,878 shares of the company’s stock after selling 5,111 shares during the period. GAM Holding AG’s holdings in Dynatrace were worth $1,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of Dynatrace during the second quarter valued at $35,000. Brooklyn Investment Group lifted its holdings in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after purchasing an additional 800 shares during the last quarter. CX Institutional lifted its holdings in Dynatrace by 42.6% during the 2nd quarter. CX Institutional now owns 1,221 shares of the company’s stock valued at $67,000 after purchasing an additional 365 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Dynatrace by 131.8% in the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock valued at $76,000 after acquiring an additional 921 shares during the last quarter. Finally, Archer Investment Corp raised its stake in shares of Dynatrace by 36.1% in the first quarter. Archer Investment Corp now owns 2,075 shares of the company’s stock valued at $98,000 after acquiring an additional 550 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction that occurred on 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 approximately $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director owned 1,012 shares of the company’s stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,602 shares of company stock valued at $529,579 in the last ninety days. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DT shares. Royal Bank Of Canada lifted their target price on shares of Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday. Citigroup cut their price target on Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a report on Monday, August 18th. Guggenheim lifted their price target on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company assumed coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.09.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $50.58 on Friday. The firm has a fifty day moving average of $49.14 and a two-hundred day moving average of $50.63. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 4.29 and a beta of 0.88. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Dynatrace, Inc. will post 0.68 EPS 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.