Stanley Laman Group Ltd. Has $6.54 Million Stake in Dynatrace, Inc. $DT

Stanley Laman Group Ltd. trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,421 shares of the company’s stock after selling 10,572 shares during the period. Dynatrace accounts for approximately 1.0% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 16th biggest position. Stanley Laman Group Ltd.’s holdings in Dynatrace were worth $6,538,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DT. Eastern Bank acquired a new position in Dynatrace during the second quarter worth $35,000. Brooklyn Investment Group increased its holdings in Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after buying an additional 800 shares during the last quarter. S.A. Mason LLC acquired a new position in Dynatrace during the first quarter worth $58,000. CX Institutional increased its holdings in Dynatrace by 42.6% during the second quarter. CX Institutional now owns 1,221 shares of the company’s stock worth $67,000 after buying an additional 365 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock worth $76,000 after buying an additional 921 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the completion of the sale, the executive vice president owned 1,420 shares of the company’s stock, valued at $71,000. This represents a 84.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,602 shares of company stock valued at $529,579 over the last quarter. 0.57% of the stock is owned by company insiders.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $48.19 on Friday. The firm has a 50-day moving average of $48.78 and a 200-day moving average of $50.15. The stock has a market cap of $14.53 billion, a PE ratio of 29.56, a PEG ratio of 4.18 and a beta of 0.88. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company had revenue of $477.35 million during the quarter, compared to analysts’ expectations of $467.39 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. Dynatrace’s quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on DT shares. Wall Street Zen cut shares of Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Royal Bank Of Canada lifted their price objective on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Guggenheim lifted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Oppenheimer started coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Wells Fargo & Company started coverage on shares of Dynatrace in a research report on Tuesday, September 30th. They set an “overweight” rating and a $65.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $62.96.

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.