Hsbc Holdings PLC Trims Stock Position in Dynatrace, Inc. (NYSE:DT)

Hsbc Holdings PLC decreased its holdings in Dynatrace, Inc. (NYSE:DT) by 34.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,332 shares of the company’s stock after selling 155,011 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Dynatrace worth $13,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DSM Capital Partners LLC acquired a new position in Dynatrace in the fourth quarter valued at $28,000. Geneos Wealth Management Inc. lifted its stake in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace during the 2nd quarter worth about $26,000. Versant Capital Management Inc increased its position in Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in Dynatrace in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT opened at $51.35 on Monday. The stock has a market capitalization of $15.31 billion, a PE ratio of 98.75, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. The business’s fifty day moving average price is $47.64 and its 200 day moving average price is $46.53. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DT shares. BMO Capital Markets increased their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Loop Capital cut their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Guggenheim decreased their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Scotiabank raised their target price on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Finally, Wedbush restated a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’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 approximately $33,505,230.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is currently owned by company insiders.

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.