Keybank National Association OH Lowers Holdings in Dynatrace, Inc. $DT

Keybank National Association OH decreased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 4.1% in the second quarter, Holdings Channel reports. The institutional investor owned 707,601 shares of the company’s stock after selling 30,629 shares during the quarter. Keybank National Association OH’s holdings in Dynatrace were worth $39,067,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Dynatrace by 0.5% during the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company’s stock valued at $1,429,527,000 after buying an additional 157,523 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock valued at $413,445,000 after buying an additional 1,124,207 shares during the last quarter. American Century Companies Inc. raised its stake in Dynatrace by 3.1% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company’s stock valued at $367,833,000 after buying an additional 230,967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock valued at $329,477,000 after buying an additional 3,092,576 shares during the last quarter. Finally, Eminence Capital LP raised its stake in Dynatrace by 25.6% during the first quarter. Eminence Capital LP now owns 3,351,603 shares of the company’s stock valued at $158,028,000 after buying an additional 683,443 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DT. Oppenheimer began coverage on Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective for the company. BMO Capital Markets lowered their price objective on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wells Fargo & Company began coverage on Dynatrace in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Finally, Citigroup lowered their price objective on Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $63.09.

Dynatrace Price Performance

NYSE DT opened at $48.98 on Thursday. The business’s fifty day moving average price is $49.12 and its 200-day moving average price is $50.60. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 4.38 and a beta of 0.88. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. Equities research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Activity

In other news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director directly owned 1,012 shares of the company’s stock, valued at $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,602 shares of company stock valued at $529,579 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

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.