Hennion & Walsh Asset Management Inc. Sells 5,452 Shares of Dynatrace, Inc. (NYSE:DT)

Hennion & Walsh Asset Management Inc. lessened its holdings in Dynatrace, Inc. (NYSE:DT) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,920 shares of the company’s stock after selling 5,452 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Dynatrace were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DT. Raymond James & Associates lifted its position in shares of Dynatrace by 12.5% during the second quarter. Raymond James & Associates now owns 277,638 shares of the company’s stock worth $12,422,000 after purchasing an additional 30,768 shares during the last quarter. OFI Invest Asset Management lifted its holdings in Dynatrace by 1,949.0% during the 2nd quarter. OFI Invest Asset Management now owns 5,901 shares of the company’s stock valued at $246,000 after buying an additional 5,613 shares in the last quarter. Blue Trust Inc. lifted its holdings in Dynatrace by 25.6% during the 2nd quarter. Blue Trust Inc. now owns 5,464 shares of the company’s stock valued at $254,000 after buying an additional 1,115 shares in the last quarter. Portside Wealth Group LLC boosted its position in Dynatrace by 8.3% in the 2nd quarter. Portside Wealth Group LLC now owns 5,316 shares of the company’s stock valued at $238,000 after buying an additional 406 shares during the period. Finally, Coronation Fund Managers Ltd. bought a new position in Dynatrace in the 2nd quarter worth about $8,328,000. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The disclosure for this sale can be found here. Insiders have sold 84,274 shares of company stock worth $3,883,271 over the last quarter. 0.54% of the stock is currently owned by insiders.

Dynatrace Stock Down 0.1 %

Shares of DT stock opened at $49.87 on Wednesday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The stock’s 50-day moving average price is $44.84 and its 200 day moving average price is $46.72. The stock has a market capitalization of $14.87 billion, a PE ratio of 95.90, a price-to-earnings-growth ratio of 6.40 and a beta of 1.04.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. Dynatrace’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. Analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DT has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Scotiabank boosted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets raised their price target on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and issued a $60.00 price objective (down previously from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average target price of $59.70.

Dynatrace Profile

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.