Stonegate Investment Group LLC Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Stonegate Investment Group LLC boosted its holdings in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,070 shares of the company’s stock after acquiring an additional 955 shares during the period. Stonegate Investment Group LLC’s holdings in Dynatrace were worth $1,590,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Dynatrace during the 4th quarter worth about $25,000. Quarry LP acquired a new stake in Dynatrace during the first quarter worth approximately $26,000. Advisory Services Network LLC grew its stake in Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares during the period. Planned Solutions Inc. acquired a new position in Dynatrace in the 4th quarter valued at $38,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Dynatrace during the third quarter worth $35,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dynatrace news, insider Matthias Dollentz-Scharer sold 2,076 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $107,765.16. Following the sale, the insider now directly owns 72,645 shares in the company, valued at approximately $3,771,001.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold a total of 14,285,187 shares of company stock worth $751,264,421 in the last three months. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays reduced their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Scotiabank boosted their target price on shares of Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Capital One Financial started coverage on Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price objective for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Monday. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.04.

View Our Latest Stock Report on DT

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $45.46 on Wednesday. The firm has a market cap of $13.38 billion, a PE ratio of 68.87, a price-to-earnings-growth ratio of 3.91 and a beta of 1.07. The firm’s 50-day simple moving average is $50.80 and its 200-day simple moving average is $50.94. Dynatrace, Inc. has a 1 year low of $40.27 and a 1 year high of $61.41.

Dynatrace (NYSE:DTGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. On average, equities analysts predict that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

About Dynatrace

(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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