Dynatrace, Inc. (NYSE:DT) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,729 shares of the company’s stock after selling 1,115 shares during the quarter. Truist Financial Corp’s holdings in Dynatrace were worth $1,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DT. Vanguard Group Inc. grew its stake in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after acquiring an additional 1,680,971 shares during the period. Janus Henderson Group PLC grew its stake in Dynatrace by 8.7% in the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after acquiring an additional 583,220 shares during the period. American Century Companies Inc. grew its stake in Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after acquiring an additional 782,588 shares during the period. RGM Capital LLC grew its stake in Dynatrace by 6.2% in the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after acquiring an additional 225,000 shares during the period. Finally, Eminence Capital LP acquired a new stake in Dynatrace in the 2nd quarter valued at $158,369,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Scotiabank lifted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. 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. Finally, BMO Capital Markets lifted their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.04.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the 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 owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,426 shares of company stock valued at $3,804,069 over the last 90 days. 0.59% of the stock is owned by insiders.

Dynatrace Price Performance

NYSE DT opened at $55.13 on Friday. The firm’s 50-day moving average is $50.49 and its two-hundred day moving average is $47.24. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a market capitalization of $16.42 billion, a P/E ratio of 106.02, a PEG ratio of 7.93 and a beta of 1.06.

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