Russell Investments Group Ltd. Has $11.49 Million Stake in Dynatrace, Inc. (NYSE:DT)

Russell Investments Group Ltd. trimmed its stake in Dynatrace, Inc. (NYSE:DT) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,005 shares of the company’s stock after selling 2,487 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Dynatrace worth $11,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in Dynatrace by 11,824.1% in the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after buying an additional 2,391,545 shares in the last quarter. Vanguard Group Inc. grew its stake in Dynatrace by 8.8% in the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock valued at $1,117,596,000 after purchasing an additional 1,940,604 shares in the last quarter. Handelsbanken Fonder AB increased its position in Dynatrace by 104.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after purchasing an additional 956,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Dynatrace during the 4th quarter worth about $45,152,000. Finally, Jennison Associates LLC lifted its holdings in shares of Dynatrace by 3,184.4% during the 4th quarter. Jennison Associates LLC now owns 724,667 shares of the company’s stock valued at $39,632,000 after buying an additional 702,603 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The disclosure for this sale can be found here. In the last three months, insiders sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on DT shares. JPMorgan Chase & Co. dropped their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Citigroup upped their price objective on shares of Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Dynatrace in a research note on Friday, February 9th. Finally, JMP Securities increased their price target on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Stock Down 0.1 %

Shares of NYSE:DT opened at $45.79 on Monday. Dynatrace, Inc. has a 12 month low of $42.50 and a 12 month high of $61.41. The firm has a market cap of $13.48 billion, a P/E ratio of 69.38, a P/E/G ratio of 3.95 and a beta of 1.06. The company’s 50-day moving average price is $46.56 and its two-hundred day moving average price is $50.76.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, equities analysts predict that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.