McAdam LLC Reduces Position in Dynatrace, Inc. (NYSE:DT)

McAdam LLC cut its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,256 shares of the company’s stock after selling 561 shares during the quarter. McAdam LLC’s holdings in Dynatrace were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in shares of Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. Versant Capital Management Inc increased its position in shares of Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace during the second quarter valued at about $26,000. V Square Quantitative Management LLC bought a new stake in shares of Dynatrace during the second quarter valued at about $32,000. Finally, Riverview Trust Co increased its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 0.00 % 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 this link. In other news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.54% of the stock is owned by corporate insiders.

Dynatrace Stock Up 1.7 %

Shares of DT stock opened at $54.13 on Friday. The stock has a fifty day moving average of $51.83 and a 200 day moving average of $47.70. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 104.10, a PEG ratio of 7.93 and a beta of 1.06.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Equities research analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

DT has been the topic of several research analyst reports. Guggenheim upped their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group upped their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler initiated coverage on shares of Dynatrace in a research report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Finally, BMO Capital Markets upped their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.46.

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.