Dynatrace, Inc. (NYSE:DT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 22.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 276,041 shares of the company’s stock after selling 77,997 shares during the period. Thrivent Financial for Lutherans’ holdings in Dynatrace were worth $12,350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DT. Geneos Wealth Management Inc. increased its holdings in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after acquiring an additional 230 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace in the 2nd quarter worth about $26,000. Versant Capital Management Inc increased its holdings in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares during the period. Rise Advisors LLC acquired a new stake in shares of Dynatrace in the 1st quarter worth about $30,000. Finally, V Square Quantitative Management LLC acquired a new position in Dynatrace during the 2nd quarter valued at about $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

Shares of DT opened at $52.48 on Thursday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company has a 50-day moving average of $47.97 and a two-hundred day moving average of $46.61. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 100.93, a PEG ratio of 7.83 and a beta of 1.05.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler assumed coverage on shares of Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price on the stock. Scotiabank raised their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets raised their target price on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Loop Capital lowered their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Finally, Guggenheim lowered their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’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 in the company, valued at $33,505,230.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’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 in the company, valued at $33,505,230.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is owned by company insiders.

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.