Axa S.A. Sells 110,641 Shares of Dynatrace, Inc. (NYSE:DT)

Axa S.A. reduced its position in Dynatrace, Inc. (NYSE:DT) by 78.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,032 shares of the company’s stock after selling 110,641 shares during the quarter. Axa S.A.’s holdings in Dynatrace were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the period. US Bancorp DE boosted its stake in shares of Dynatrace by 89.7% in the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after acquiring an additional 22,928 shares during the period. Norden Group LLC purchased a new stake in shares of Dynatrace during the first quarter worth about $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in 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 purchasing an additional 157,739 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in Dynatrace in the 2nd quarter worth approximately $1,295,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated 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 approximately $10,810,185.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock worth $3,804,069 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $52.12 on Wednesday. The stock has a 50 day moving average price of $48.86 and a 200 day moving average price of $46.83. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The firm has a market capitalization of $15.54 billion, a P/E ratio of 100.23, a P/E/G ratio of 7.83 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Piper Sandler assumed coverage on shares of Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price target on the stock. Scotiabank increased their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Loop Capital decreased their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Finally, 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 report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $60.09.

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.