Dynatrace, Inc. $DT Stock Position Cut by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 83.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,104 shares of the company’s stock after selling 20,735 shares during the period. Machina Capital S.A.S.’s holdings in Dynatrace were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DT. Argent Capital Management LLC bought a new position in Dynatrace during the 3rd quarter worth $21,868,000. B.A. Schrock Wealth Management Inc. acquired a new position in Dynatrace during the 3rd quarter worth about $1,695,000. Boston Trust Walden Corp grew its position in shares of Dynatrace by 31.2% in the 3rd quarter. Boston Trust Walden Corp now owns 1,719,609 shares of the company’s stock valued at $99,290,000 after buying an additional 409,003 shares during the last quarter. AIA Group Ltd bought a new stake in shares of Dynatrace in the 3rd quarter valued at about $4,637,000. Finally, Wellington Management Group LLP grew its position in shares of Dynatrace by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after buying an additional 2,191,497 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

DT has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Dynatrace in a research note on Sunday, October 11th. Wedbush cut their price objective on Dynatrace from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $71.00 target price on shares of Dynatrace in a report on Thursday, October 15th. TD Cowen upped their target price on Dynatrace from $62.00 to $68.00 and gave the company a “buy” rating in a report on Monday, October 26th. Finally, Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $58.00 to $65.00 in a research report on Tuesday, August 25th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Dynatrace Trading Up 0.1%

DT stock traded up $0.04 during midday trading on Friday, hitting $44.94. The stock had a trading volume of 5,007,970 shares, compared to its average volume of 8,827,875. The firm has a market cap of $12.90 billion, a P/E ratio of 83.22, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $66.30. The business has a fifty day moving average price of $56.38 and a two-hundred day moving average price of $44.79.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Dynatrace had a net margin of 7.42% and a return on equity of 12.73%. The business had revenue of $579.92 million for the quarter, compared to analysts’ expectations of $568.03 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, sell-side analysts predict that Dynatrace, Inc. will post 1.08 earnings per share for the current fiscal year.

Dynatrace announced that its Board of Directors has authorized a share buyback program on Tuesday, November 3rd that allows the company to repurchase $1 billion in shares. This repurchase authorization allows the company to reacquire up to 6.3% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $57.21, for a total value of $2,860,500.00. Following the transaction, the executive vice president directly owned 904,846 shares of the company’s stock, valued at $51,766,239.66. The trade was a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by corporate insiders.

Dynatrace Company Profile

Dynatrace, Inc. provides a software intelligence platform for monitoring and managing complex digital environments. Its platform helps organizations observe applications, infrastructure, cloud services and user experiences, and analyze performance and operational data. The company’s offerings include application and infrastructure monitoring, log management, digital experience monitoring, application security and business analytics. Dynatrace also incorporates artificial intelligence and automation to help identify the causes of problems and support responses to them.