Millennium Management LLC Sells 86,614 Shares of Dynatrace, Inc. $DT

Millennium Management LLC cut its position in Dynatrace, Inc. (NYSE:DT) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,095 shares of the company’s stock after selling 86,614 shares during the quarter. Millennium Management LLC owned about 0.19% of Dynatrace worth $26,550,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CX Institutional bought a new stake in shares of Dynatrace in the first quarter valued at $40,000. Brooklyn Investment Group raised its stake in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after buying an additional 800 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace in the first quarter valued at $45,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock valued at $46,000 after buying an additional 256 shares during the period. Finally, Global Financial Private Client LLC raised its stake in shares of Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company’s stock valued at $52,000 after buying an additional 860 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director directly owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock worth $154,429 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Dynatrace Stock Up 2.9%

Shares of NYSE DT opened at $49.03 on Friday. The firm has a market capitalization of $14.78 billion, a P/E ratio of 30.08, a P/E/G ratio of 4.19 and a beta of 0.91. The stock’s 50-day simple moving average is $51.00 and its two-hundred day simple moving average is $50.71. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Dynatrace (NYSE:DT) last announced its earnings results 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 analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DT. UBS Group boosted 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. Guggenheim boosted their price objective on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Citigroup decreased their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Oppenheimer initiated coverage on Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.72.

Dynatrace 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.