Dynatrace, Inc. (NYSE:DT) Shares Bought by Cim LLC

Cim LLC grew its stake in Dynatrace, Inc. (NYSE:DT) by 4.7% in the second quarter, Holdings Channel reports. The fund owned 20,485 shares of the company’s stock after purchasing an additional 926 shares during the period. Cim LLC’s holdings in Dynatrace were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. grew its position in Dynatrace by 76.7% in the first 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. Versant Capital Management Inc lifted its stake 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 valued at $26,000 after purchasing an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Dynatrace in the 2nd quarter valued at $26,000. Rise Advisors LLC purchased a new position in shares of Dynatrace during the 1st quarter worth $30,000. Finally, V Square Quantitative Management LLC purchased a new position in Dynatrace during the second quarter worth about $32,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DT. Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Guggenheim boosted their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Loop Capital reduced their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Finally, BMO Capital Markets increased their price target on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.09.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction 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 transaction, 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 filing with the SEC, which is available at the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The disclosure for this sale can be found here. Insiders have sold a total of 76,426 shares of company stock worth $3,804,069 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Dynatrace Trading Down 2.5 %

NYSE DT opened at $52.12 on Wednesday. The company has a market capitalization of $15.54 billion, a PE ratio of 100.23, a price-to-earnings-growth ratio of 7.83 and a beta of 1.05. The business’s 50-day moving average price is $48.86 and its 200 day moving average price is $46.83. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

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

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.