Dynatrace, Inc. (NYSE:DT) Shares Sold by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. cut its holdings in Dynatrace, Inc. (NYSE:DTFree Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 93,690 shares of the company’s stock after selling 28,440 shares during the period. Dynatrace accounts for about 1.0% of D L Carlson Investment Group Inc.’s holdings, making the stock its 24th biggest position. D L Carlson Investment Group Inc.’s holdings in Dynatrace were worth $4,880,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DT. J.P. Morgan Private Wealth Advisors LLC increased its stake in Dynatrace by 127.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 9,058 shares of the company’s stock valued at $423,000 after purchasing an additional 5,068 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Dynatrace by 92.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 39,606 shares of the company’s stock worth $1,851,000 after acquiring an additional 18,991 shares during the period. Pathstone Family Office LLC purchased a new position in shares of Dynatrace during the 3rd quarter worth about $213,000. HighTower Advisors LLC grew its holdings in Dynatrace by 7.7% in the third quarter. HighTower Advisors LLC now owns 12,187 shares of the company’s stock valued at $569,000 after purchasing an additional 868 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Dynatrace by 16.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 139,727 shares of the company’s stock worth $6,529,000 after purchasing an additional 19,236 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the transaction, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Dynatrace Trading Down 1.7 %

NYSE DT traded down $0.78 on Friday, hitting $45.79. 940,701 shares of the stock traded hands, compared to its average volume of 3,714,981. The company has a market capitalization of $13.62 billion, a P/E ratio of 89.56, a price-to-earnings-growth ratio of 7.10 and a beta of 1.05. The stock has a 50-day moving average of $46.50 and a 200 day moving average of $50.38. Dynatrace, Inc. has a twelve month low of $43.29 and a twelve month high of $61.41.

Dynatrace (NYSE:DTGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. As a group, equities research analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DT. Bank of America lowered their price objective on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Barclays dropped their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 20th. BMO Capital Markets reduced their price objective on Dynatrace from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Wedbush reissued a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday, May 16th. Finally, TD Cowen cut their price target on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.54.

Read Our Latest Report on Dynatrace

Dynatrace Company Profile

(Free Report)

Dynatrace, Inc provides a security platform for multicloud environments. It 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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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