Los Angeles Capital Management LLC Decreases Position in Dynatrace, Inc. (NYSE:DT)

Los Angeles Capital Management LLC reduced its position in shares of Dynatrace, Inc. (NYSE:DTGet Rating) by 32.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,945 shares of the company’s stock after selling 214,851 shares during the period. Los Angeles Capital Management LLC owned 0.16% of Dynatrace worth $21,381,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DT. Signaturefd LLC increased its position in shares of Dynatrace by 133.9% during the first quarter. Signaturefd LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 431 shares in the last quarter. CWM LLC acquired a new stake in Dynatrace during the 4th quarter worth $48,000. Webster Bank N. A. purchased a new stake in shares of Dynatrace during the first quarter worth $49,000. Covestor Ltd acquired a new stake in shares of Dynatrace in the fourth quarter valued at about $50,000. Finally, Exane Derivatives lifted its stake in shares of Dynatrace by 5,337.0% in the first quarter. Exane Derivatives now owns 1,468 shares of the company’s stock worth $69,000 after buying an additional 1,441 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Dynatrace Trading Up 2.2 %

Shares of NYSE DT opened at $41.64 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $11.96 billion, a PE ratio of 297.43, a PEG ratio of 5.75 and a beta of 1.30. Dynatrace, Inc. has a twelve month low of $29.41 and a twelve month high of $80.13. The stock has a fifty day simple moving average of $39.67 and a 200-day simple moving average of $41.67.

Dynatrace (NYSE:DTGet Rating) last released its earnings results on Wednesday, May 18th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $252.60 million during the quarter, compared to analyst estimates of $246.54 million. Dynatrace had a net margin of 4.18% and a return on equity of 7.81%. The business’s revenue was up 28.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, equities analysts forecast that Dynatrace, Inc. will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In other Dynatrace news, CRO Stephen J. Pace sold 3,972 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $136,120.44. Following the completion of the transaction, the executive now owns 71,438 shares of the company’s stock, valued at approximately $2,448,180.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dynatrace news, CAO Alicia Allen sold 1,336 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $34.26, for a total value of $45,771.36. Following the sale, the chief accounting officer now owns 69,738 shares of the company’s stock, valued at approximately $2,389,223.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Stephen J. Pace sold 3,972 shares of Dynatrace stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $34.27, for a total value of $136,120.44. Following the completion of the transaction, the executive now owns 71,438 shares of the company’s stock, valued at approximately $2,448,180.26. The disclosure for this sale can be found here. Insiders have sold a total of 16,468 shares of company stock valued at $564,303 in the last ninety days. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of a number of research reports. Canaccord Genuity Group assumed coverage on shares of Dynatrace in a research note on Friday, July 8th. They issued a “buy” rating and a $55.00 target price on the stock. JMP Securities reduced their price objective on Dynatrace from $80.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Friday, May 20th. Canaccord Genuity Group restated a “buy” rating and issued a $55.00 target price on shares of Dynatrace in a report on Thursday, July 7th. Royal Bank of Canada lifted their price target on Dynatrace from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Robert W. Baird dropped their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Dynatrace Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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