Dynatrace, Inc. (NYSE:DT) Stock Holdings Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in Dynatrace, Inc. (NYSE:DT) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,088 shares of the company’s stock after selling 69,668 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dynatrace were worth $30,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DT. SG Americas Securities LLC raised its holdings in shares of Dynatrace by 183.8% during the first quarter. SG Americas Securities LLC now owns 6,504 shares of the company’s stock valued at $307,000 after acquiring an additional 4,212 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dynatrace by 16.7% during the first quarter. GAMMA Investing LLC now owns 4,246 shares of the company’s stock valued at $200,000 after acquiring an additional 609 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Dynatrace by 8.2% during the first quarter. Harbor Capital Advisors Inc. now owns 112,381 shares of the company’s stock valued at $5,299,000 after acquiring an additional 8,517 shares during the period. UMB Bank n.a. raised its holdings in shares of Dynatrace by 155.8% during the first quarter. UMB Bank n.a. now owns 3,220 shares of the company’s stock valued at $152,000 after acquiring an additional 1,961 shares during the period. Finally, Benson Investment Management Company Inc. acquired a new stake in shares of Dynatrace during the first quarter valued at approximately $3,281,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 0.3%

Shares of DT opened at $54.02 on Friday. The company’s fifty day moving average is $49.16 and its 200-day moving average is $52.65. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 7.05 and a beta of 0.92.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the prior year, the business posted $0.30 EPS. Dynatrace’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DT. Barclays boosted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. The Goldman Sachs Group boosted their price target on shares of Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on shares of Dynatrace in a report on Thursday, May 15th. BMO Capital Markets boosted their price target on shares of Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, DA Davidson boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.75.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president now directly owns 17,242 shares of the company’s stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is currently owned by company insiders.

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.