Xponance Inc. Reduces Position in Dynatrace, Inc. (NYSE:DT)

Xponance Inc. decreased its holdings in Dynatrace, Inc. (NYSE:DT) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,377 shares of the company’s stock after selling 2,990 shares during the period. Xponance Inc.’s holdings in Dynatrace were worth $2,835,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the period. Versant Capital Management Inc lifted 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 last quarter. Cullen Frost Bankers Inc. acquired a new position in Dynatrace during the second quarter worth $26,000. Rise Advisors LLC purchased a new position in shares of Dynatrace during the first quarter worth $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace in the second quarter valued at $32,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on DT shares. BMO Capital Markets lifted their target price on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Loop Capital cut 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. Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Scotiabank upped their price objective on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $59.70.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock worth $3,804,069 in the last 90 days. 0.54% of the stock is owned by insiders.

Dynatrace Price Performance

NYSE DT opened at $52.48 on Thursday. The firm’s fifty day moving average price is $47.97 and its 200 day moving average price is $46.61. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 100.93, a price-to-earnings-growth ratio of 7.83 and a beta of 1.05.

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