2 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D lowered its holdings in shares of Dynatrace, Inc. ( NYSE:DT – Free Report ) by 36.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 92,910 shares of the company’s stock after selling 54,360 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dynatrace were worth $4,157,000 at the end of the most recent reporting period. Other hedge funds have also bought and sold shares of the company.
Geneos Wealth Management Inc. lifted its stake in shares of 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 buying an additional 230 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Dynatrace by 3,813.
3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares in the last quarter. Cullen Frost Bankers Inc.
bought a new position in shares of Dynatrace in the second quarter worth approximately $26,000. DSM Capital Partners LLC bought a new position in shares of Dynatrace in the fourth quarter worth approximately $28,000. Finally, Rise Advisors LLC bought a new position in shares of Dynatrace in the first quarter worth approximately $30,000.
Institutional investors own 94.28% of the company’s stock. Wall Street Analyst Weigh In Several research analysts have recently issued reports on the stock.
Guggenheim dropped their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th.
Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Piper Sandler began coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.
00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Dynatrace from $60.00 to $50.
00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Loop Capital lowered their price objective on shares of Dynatrace from $50.00 to $45.
00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.
com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $59.70. Insider Activity at Dynatrace In related news, EVP Dan Zugelder sold 11,022 shares of the firm’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 directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
0.54% of the stock is currently owned by corporate insiders. Dynatrace Price Performance Shares of NYSE DT opened at $51.
55 on Tuesday. The firm has a fifty day moving average price of $46.97 and a 200-day moving average price of $46.
42. The stock has a market cap of $15.37 billion, a PE ratio of 99.
13, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05.
Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.
41. Dynatrace ( NYSE:DT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.
33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04.
The firm had revenue of $399.20 million during 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 company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.
16 earnings per share. On average, research analysts expect that Dynatrace, Inc. will post 0.
71 EPS for the current year. Dynatrace Company Profile ( Free Report ) 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.
Further Reading Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter ..
