Toronto Dominion Bank Decreases Stock Position in Dynatrace, Inc. (NYSE:DT)

Toronto Dominion Bank cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 3.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 34,007 shares of the company’s stock after selling 1,198 shares during the quarter. Toronto Dominion Bank’s holdings in Dynatrace were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. US Bancorp DE grew its position in shares of Dynatrace by 89.7% during the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after acquiring an additional 22,928 shares during the period. Norden Group LLC bought a new stake in shares of Dynatrace during the 1st quarter valued at $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Dynatrace by 640.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after acquiring an additional 157,739 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Dynatrace during the 2nd quarter valued at $1,295,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DT shares. Loop Capital cut their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, August 8th. BMO Capital Markets upped 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. Scotiabank upped their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.09.

Insider Activity

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

Dynatrace Stock Up 0.9 %

DT opened at $53.47 on Tuesday. The firm has a 50-day simple moving average of $48.70 and a two-hundred day simple moving average of $46.78. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market capitalization of $15.95 billion, a PE ratio of 102.83, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $399.20 million for 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 was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Dynatrace 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.