Renaissance Group LLC Has $25.17 Million Stock Position in Dynatrace, Inc. $DT

Renaissance Group LLC lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 519,526 shares of the company’s stock after selling 78,103 shares during the quarter. Renaissance Group LLC’s holdings in Dynatrace were worth $25,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in shares of Dynatrace by 25.3% during the first quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after purchasing an additional 1,846 shares during the period. Jones Financial Companies Lllp increased its stake in Dynatrace by 19.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $102,000 after purchasing an additional 348 shares in the last quarter. Optas LLC acquired a new stake in Dynatrace during the 2nd quarter worth approximately $276,000. Vontobel Holding Ltd. lifted its stake in Dynatrace by 8.0% in the second quarter. Vontobel Holding Ltd. now owns 5,469 shares of the company’s stock valued at $302,000 after buying an additional 403 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of Dynatrace by 6.7% in the second quarter. Blair William & Co. IL now owns 593,967 shares of the company’s stock valued at $32,793,000 after buying an additional 37,488 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on DT shares. Barclays cut their price objective on shares of Dynatrace from $62.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. UBS Group set a $51.00 price target on Dynatrace in a report on Thursday, November 6th. Cantor Fitzgerald decreased their price objective on Dynatrace from $51.00 to $37.00 and set a “neutral” rating for the company in a report on Friday. KeyCorp cut their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup lowered their price objective on shares of Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.32.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 7,505 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $45.27, for a total value of $339,751.35. Following the completion of the sale, the executive vice president owned 8,925 shares of the company’s stock, valued at approximately $404,034.75. The trade was a 45.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $46.69, for a total transaction of $93,380.00. Following the transaction, the chief accounting officer directly owned 23,380 shares in the company, valued at $1,091,612.20. This represents a 7.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 39,843 shares of company stock valued at $1,846,424. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $33.76 on Friday. The company has a 50-day simple moving average of $41.95 and a 200 day simple moving average of $46.41. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.64 and a beta of 0.84. Dynatrace, Inc. has a 52 week low of $32.83 and a 52 week high of $63.00.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.The company had revenue of $493.85 million during the quarter, compared to analysts’ expectations of $487.33 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Sell-side analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.