Entropy Technologies LP Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Entropy Technologies LP lifted its stake in Dynatrace, Inc. (NYSE:DT) by 912.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,354 shares of the company’s stock after purchasing an additional 70,615 shares during the period. Entropy Technologies LP’s holdings in Dynatrace were worth $3,639,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DT. Contravisory Investment Management Inc. purchased a new stake in shares of Dynatrace in the 4th quarter worth about $25,000. DSM Capital Partners LLC purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. boosted its position in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares in the last quarter. NewSquare Capital LLC purchased a new stake in shares of Dynatrace in the 4th quarter worth approximately $32,000. Finally, Rise Advisors LLC purchased a new position in Dynatrace during the first quarter valued at $30,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the company’s 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 transaction, the executive vice president now directly owns 253,176 shares in the company, valued at approximately $11,828,382.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,274 shares of company stock valued at $3,883,271. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on DT shares. JPMorgan Chase & Co. decreased their price target on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Barclays dropped their price target on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 20th. Robert W. Baird lowered their price objective on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. BMO Capital Markets dropped their price target on Dynatrace from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Finally, TD Cowen reduced their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.76.

Dynatrace Trading Down 1.7 %

NYSE:DT traded down $0.77 during midday trading on Wednesday, hitting $43.33. 2,146,093 shares of the company traded hands, compared to its average volume of 3,620,590. The firm has a market capitalization of $12.92 billion, a P/E ratio of 83.33, a P/E/G ratio of 6.63 and a beta of 1.04. The firm’s fifty day moving average is $45.56 and its 200-day moving average is $48.63. Dynatrace, Inc. has a 12-month low of $42.31 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The firm had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. On average, research analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Dynatrace Company 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.