Dynatrace, Inc. (NYSE:DT) Stake Lowered by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its position in shares of Dynatrace, Inc. (NYSE:DTGet Rating) by 15.4% in the first quarter, Holdings Channel.com reports. The firm owned 1,301,527 shares of the company’s stock after selling 236,887 shares during the period. Neuberger Berman Group LLC’s holdings in Dynatrace were worth $61,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DT. Signaturefd LLC raised its holdings in shares of Dynatrace by 133.9% during the 1st quarter. Signaturefd LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 431 shares in the last quarter. Tcwp LLC bought a new position in Dynatrace during the first quarter valued at about $45,000. Webster Bank N. A. acquired a new stake in shares of Dynatrace in the first quarter worth about $49,000. Exane Derivatives boosted its stake in shares of Dynatrace by 5,337.0% during the 1st quarter. Exane Derivatives now owns 1,468 shares of the company’s stock worth $69,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Dynatrace during the 1st quarter valued at about $85,000. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $37.33 on Monday. The business’s fifty day moving average is $39.07 and its two-hundred day moving average is $40.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $10.73 billion, a P/E ratio of 266.64, a P/E/G ratio of 5.36 and a beta of 1.27. Dynatrace, Inc. has a 52 week low of $29.41 and a 52 week high of $80.13.

Dynatrace (NYSE:DTGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $267.27 million for the quarter, compared to the consensus estimate of $262.76 million. Dynatrace had a net margin of 4.18% and a return on equity of 7.81%. Equities research analysts forecast that Dynatrace, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DT has been the topic of several analyst reports. Needham & Company LLC increased their price target on Dynatrace from $42.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a $55.00 target price on shares of Dynatrace in a report on Thursday, July 7th. Citigroup decreased their price target on shares of Dynatrace from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Truist Financial dropped their price objective on Dynatrace from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Finally, TheStreet upgraded Dynatrace from a “d+” rating to a “c” rating in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.24.

Insider Transactions at Dynatrace

In related news, CRO Stephen J. Pace sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $38.50, for a total value of $962,500.00. Following the completion of the sale, the executive now owns 139,963 shares of the company’s stock, valued at $5,388,575.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CRO Stephen J. Pace sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $38.50, for a total transaction of $962,500.00. Following the transaction, the executive now owns 139,963 shares of the company’s stock, valued at $5,388,575.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Stephen J. Pace sold 4,281 shares of Dynatrace stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $42.42, for a total value of $181,600.02. Following the completion of the sale, the executive now owns 164,963 shares of the company’s stock, valued at $6,997,730.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,029 shares of company stock worth $2,639,297. Corporate insiders own 0.51% of the company’s stock.

About Dynatrace

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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