Dynatrace, Inc. (NYSE:DT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in shares of Dynatrace, Inc. (NYSE:DT) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,268 shares of the company’s stock after selling 5,686 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dynatrace were worth $437,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Dynatrace during the 4th quarter valued at about $842,000. Allstate Corp purchased a new stake in Dynatrace during the fourth quarter worth approximately $471,000. Metis Global Partners LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth $571,000. Proficio Capital Partners LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth $1,057,000. Finally, CX Institutional purchased a new position in shares of Dynatrace in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DT shares. Jefferies Financial Group reiterated a “buy” rating on shares of Dynatrace in a report on Wednesday, May 14th. Morgan Stanley set a $55.00 target price on Dynatrace in a research report on Thursday, May 15th. UBS Group increased their target price on Dynatrace from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, May 15th. Royal Bank Of Canada boosted their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Finally, KeyCorp started coverage on Dynatrace in a report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target for the company. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $62.26.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 17,242 shares of the company’s stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is currently owned by insiders.

Dynatrace Price Performance

Shares of DT opened at $56.65 on Friday. The stock has a market capitalization of $16.98 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 4.78 and a beta of 0.91. The business’s fifty day moving average price is $52.66 and its 200 day moving average price is $52.49. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

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.