Los Angeles Capital Management LLC Has $302,000 Position in Dynatrace, Inc. (NYSE:DT)

Los Angeles Capital Management LLC trimmed its holdings in Dynatrace, Inc. (NYSE:DTFree Report) by 98.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,463 shares of the company’s stock after selling 547,109 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Dynatrace were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DT. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Dynatrace by 62.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company’s stock valued at $363,000 after purchasing an additional 2,966 shares during the period. HighTower Advisors LLC lifted its stake in shares of Dynatrace by 42.6% in the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock valued at $250,000 after purchasing an additional 1,598 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Dynatrace by 61.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company’s stock valued at $378,000 after purchasing an additional 3,039 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Dynatrace in the 1st quarter valued at about $582,000. Finally, Raymond James Trust N.A. lifted its stake in shares of Dynatrace by 39.5% in the 1st quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock valued at $307,000 after purchasing an additional 1,845 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Up 4.1 %

DT stock opened at $60.70 on Friday. The firm has a market cap of $17.87 billion, a PE ratio of 106.49, a P/E/G ratio of 7.71 and a beta of 1.13. The business has a 50 day moving average of $55.40 and a 200-day moving average of $50.73. Dynatrace, Inc. has a 12-month low of $37.21 and a 12-month high of $61.33.

Dynatrace (NYSE:DTGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Dynatrace had a return on equity of 12.03% and a net margin of 13.06%. The business had revenue of $351.70 million for the quarter, compared to the consensus estimate of $344.61 million. On average, research analysts expect that Dynatrace, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research analyst reports. Guggenheim initiated coverage on Dynatrace in a research report on Monday, October 23rd. They issued a “buy” rating and a $58.00 target price for the company. Needham & Company LLC boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, January 29th. JMP Securities boosted their target price on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research report on Friday. Scotiabank initiated coverage on Dynatrace in a research report on Tuesday, December 5th. They issued a “sector outperform” rating and a $62.00 target price for the company. Finally, Citigroup boosted their target price on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $59.18.

Check Out Our Latest Stock Report on DT

Insider Activity at Dynatrace

In related news, SVP Bernd Greifeneder sold 4,715 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the transaction, the senior vice president now owns 996,916 shares in the company, valued at $54,461,521.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Bernd Greifeneder sold 4,715 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total value of $257,580.45. Following the transaction, the senior vice president now owns 996,916 shares in the company, valued at $54,461,521.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 9,811,097 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $46.40, for a total value of $455,234,900.80. Following the completion of the transaction, the insider now owns 41,857,273 shares in the company, valued at approximately $1,942,177,467.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,905,993 shares of company stock worth $460,442,554. Insiders own 0.54% of the company’s stock.

Dynatrace 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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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