Dynatrace, Inc. (NYSE:DT) is Stony Point Capital LLC’s 2nd Largest Position

Stony Point Capital LLC trimmed its stake in Dynatrace, Inc. (NYSE:DT) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,941 shares of the company’s stock after selling 14,923 shares during the period. Dynatrace makes up 5.4% of Stony Point Capital LLC’s investment portfolio, making the stock its 2nd largest holding. Stony Point Capital LLC owned about 0.12% of Dynatrace worth $15,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in shares of Dynatrace by 117.3% in the first quarter. First Trust Advisors LP now owns 199,048 shares of the company’s stock valued at $8,420,000 after acquiring an additional 107,436 shares during the period. Geode Capital Management LLC grew its position in Dynatrace by 11.7% during the 1st quarter. Geode Capital Management LLC now owns 3,044,863 shares of the company’s stock worth $128,612,000 after purchasing an additional 318,775 shares during the last quarter. Graham Capital Management L.P. increased its stake in Dynatrace by 226.9% in the first quarter. Graham Capital Management L.P. now owns 132,717 shares of the company’s stock valued at $5,614,000 after purchasing an additional 92,123 shares during the period. AQR Capital Management LLC raised its holdings in shares of Dynatrace by 8.5% in the first quarter. AQR Capital Management LLC now owns 17,516 shares of the company’s stock valued at $724,000 after buying an additional 1,379 shares during the last quarter. Finally, Ardsley Advisory Partners LP acquired a new stake in shares of Dynatrace during the first quarter worth about $1,480,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TheStreet upgraded Dynatrace from a “c” rating to a “b” rating in a research note on Wednesday, May 17th. JPMorgan Chase & Co. boosted their price objective on shares of Dynatrace from $53.00 to $57.00 in a research note on Wednesday, July 26th. Bank of America raised their target price on shares of Dynatrace from $54.00 to $58.00 in a research note on Thursday, May 18th. Rosenblatt Securities boosted their price target on shares of Dynatrace from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, VNET Group restated a “maintains” rating on shares of Dynatrace in a research report on Thursday, May 18th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $53.61.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 2,629 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.49, for a total transaction of $119,593.21. Following the sale, the chief executive officer now owns 593,005 shares in the company, valued at $26,975,797.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Alicia Allen sold 1,500 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $54.96, for a total transaction of $82,440.00. Following the completion of the transaction, the chief accounting officer now owns 92,680 shares of the company’s stock, valued at approximately $5,093,692.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 2,629 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.49, for a total transaction of $119,593.21. Following the completion of the sale, the chief executive officer now directly owns 593,005 shares in the company, valued at $26,975,797.45. The disclosure for this sale can be found here. Insiders have sold 38,893 shares of company stock valued at $1,828,130 in the last ninety days. Insiders own 0.54% of the company’s stock.

Dynatrace Stock Performance

DT stock traded down $0.48 on Tuesday, reaching $48.02. The company had a trading volume of 525,850 shares, compared to its average volume of 2,719,001. The company’s fifty day moving average is $49.76 and its 200 day moving average is $46.75. The company has a market cap of $14.08 billion, a P/E ratio of 99.02, a PEG ratio of 8.13 and a beta of 1.09. Dynatrace, Inc. has a 1 year low of $31.54 and a 1 year high of $55.87.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. The business had revenue of $332.89 million for the quarter, compared to the consensus estimate of $326.89 million. Dynatrace had a return on equity of 11.81% and a net margin of 11.77%. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.61 earnings per share 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.