Goldman Sachs Group Inc. Sells 157,045 Shares of Dynatrace, Inc. (NYSE:DT)

Goldman Sachs Group Inc. reduced its position in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,360,154 shares of the company’s stock after selling 157,045 shares during the quarter. Goldman Sachs Group Inc. owned about 1.14% of Dynatrace worth $183,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ardsley Advisory Partners LP bought a new stake in Dynatrace in the third quarter worth $1,881,000. Raymond James & Associates lifted its position in Dynatrace by 10.8% in the fourth quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after buying an additional 22,903 shares during the last quarter. United Asset Strategies Inc. bought a new stake in Dynatrace in the fourth quarter worth $1,556,000. Ameriprise Financial Inc. lifted its position in Dynatrace by 10.3% in the third quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after buying an additional 375,463 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in Dynatrace by 24.1% in the third quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after buying an additional 134,792 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of DT stock opened at $46.18 on Friday. Dynatrace, Inc. has a 1-year low of $43.29 and a 1-year high of $61.41. The stock’s 50-day moving average is $46.41 and its 200 day moving average is $50.53. The company has a market cap of $13.73 billion, a P/E ratio of 88.81, a PEG ratio of 7.05 and a beta of 1.05.

Dynatrace (NYSE:DTGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DT. Bank of America lowered their price target on Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday, May 24th. TD Cowen reduced their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Barclays reduced their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada reduced their target price on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.54.

View Our Latest Stock Report on Dynatrace

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.

See Also

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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