Forsta AP Fonden Sells 112,500 Shares of Dynatrace, Inc. (NYSE:DT)

Forsta AP Fonden lowered its position in shares of Dynatrace, Inc. (NYSE:DT) by 67.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,800 shares of the company’s stock after selling 112,500 shares during the quarter. Forsta AP Fonden’s holdings in Dynatrace were worth $2,407,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Qsemble Capital Management LP increased its position in Dynatrace by 90.7% in the second quarter. Qsemble Capital Management LP now owns 107,405 shares of the company’s stock worth $4,805,000 after purchasing an additional 51,088 shares during the period. American Century Companies Inc. boosted its stake in shares of Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after purchasing an additional 782,588 shares during the last quarter. Pier Capital LLC grew its position in shares of Dynatrace by 37.0% during the 2nd quarter. Pier Capital LLC now owns 20,297 shares of the company’s stock worth $908,000 after buying an additional 5,478 shares during the period. Headlands Technologies LLC raised its stake in shares of Dynatrace by 4,199.0% during the second quarter. Headlands Technologies LLC now owns 20,721 shares of the company’s stock worth $927,000 after buying an additional 20,239 shares during the last quarter. Finally, Van Berkom & Associates Inc. bought a new stake in shares of Dynatrace during the second quarter worth approximately $1,246,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $50.74 on Monday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market capitalization of $15.13 billion, a PE ratio of 97.58, a P/E/G ratio of 7.63 and a beta of 1.05. The company’s 50-day moving average is $46.85 and its 200-day moving average is $46.41.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective on the stock. Scotiabank lifted their price objective on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets increased their target price on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Wedbush restated a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a report on Thursday, August 8th. Finally, Loop Capital lowered their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

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.