First Trust Advisors LP Has $25.29 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

First Trust Advisors LP cut its stake in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 462,334 shares of the company’s stock after selling 97,898 shares during the period. First Trust Advisors LP owned about 0.16% of Dynatrace worth $25,285,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its stake in shares of Dynatrace by 85.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 12,885 shares of the company’s stock valued at $705,000 after buying an additional 5,919 shares during the period. KBC Group NV increased its position in Dynatrace by 174.4% in the 4th quarter. KBC Group NV now owns 43,178 shares of the company’s stock valued at $2,362,000 after acquiring an additional 27,441 shares during the period. APG Asset Management US Inc. bought a new position in shares of Dynatrace during the fourth quarter valued at $2,716,000. California State Teachers Retirement System lifted its holdings in shares of Dynatrace by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 367,343 shares of the company’s stock worth $20,090,000 after purchasing an additional 1,457 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in shares of Dynatrace in the fourth quarter worth $224,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

DT opened at $46.54 on Tuesday. Dynatrace, Inc. has a fifty-two week low of $43.29 and a fifty-two week high of $61.41. The firm has a market capitalization of $13.84 billion, a PE ratio of 89.49, a P/E/G ratio of 6.97 and a beta of 1.05. The company’s 50-day moving average is $46.42 and its 200 day moving average is $50.47.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Capital One Financial started coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price for the company. Barclays cut their price objective 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. Bank of America decreased their target price on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Truist Financial restated a “buy” rating and issued a $60.00 price target (down previously from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Finally, Morgan Stanley began coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price objective for the company. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.54.

View Our Latest Report on DT

Insiders Place Their Bets

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

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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