RFG Advisory LLC Has $389,000 Stock Holdings in Dynatrace, Inc. (NYSE:DT)

RFG Advisory LLC reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,378 shares of the company’s stock after selling 856 shares during the quarter. RFG Advisory LLC’s holdings in Dynatrace were worth $389,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Dynatrace during the 4th quarter worth approximately $25,000. DSM Capital Partners LLC acquired a new position in Dynatrace during the 4th quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in Dynatrace during the 1st quarter worth approximately $30,000. NewSquare Capital LLC acquired a new position in Dynatrace during the 4th quarter worth approximately $32,000. Finally, Planned Solutions Inc. acquired a new position in Dynatrace during the 4th quarter worth approximately $38,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 1.2 %

Shares of NYSE DT opened at $43.84 on Tuesday. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 84.30, a price-to-earnings-growth ratio of 6.58 and a beta of 1.05. The stock has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $49.87. Dynatrace, Inc. has a 1-year low of $43.02 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $380.85 million for the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. Analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares in the company, valued at $33,994,907.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares in the company, valued at $33,994,907.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Barclays decreased their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, March 20th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a report on Thursday, May 16th. Royal Bank of Canada decreased their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Finally, Loop Capital decreased their price objective on Dynatrace from $56.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.54.

About Dynatrace

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.