Mount Yale Investment Advisors LLC Sells 679 Shares of Dynatrace, Inc. (NYSE:DT)

Mount Yale Investment Advisors LLC decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,824 shares of the company’s stock after selling 679 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Dynatrace were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DT. PNC Financial Services Group Inc. increased its position in Dynatrace by 6.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock worth $1,443,000 after buying an additional 1,632 shares during the last quarter. UBS Group AG increased its holdings in shares of Dynatrace by 14.5% during the 4th quarter. UBS Group AG now owns 353,880 shares of the company’s stock valued at $19,354,000 after acquiring an additional 44,842 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock valued at $255,000 after acquiring an additional 270 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Dynatrace by 36.1% in the 4th quarter. Wells Fargo & Company MN now owns 217,747 shares of the company’s stock worth $11,909,000 after purchasing an additional 57,810 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Dynatrace during the fourth quarter worth approximately $471,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $52.01 on Tuesday. The business has a fifty day moving average of $47.80 and a 200-day moving average of $46.57. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market cap of $15.51 billion, a PE ratio of 100.02, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DT shares. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. BMO Capital Markets lifted their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Guggenheim dropped their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.70.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was 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 approximately $10,810,185.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock worth $3,804,069 in the last quarter. Insiders own 0.54% of the company’s stock.

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.