Beck Bode LLC Lowers Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Beck Bode LLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,314 shares of the company’s stock after selling 958 shares during the period. Beck Bode LLC’s holdings in Dynatrace were worth $1,767,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new stake in Dynatrace during the 4th quarter worth $25,000. NewSquare Capital LLC purchased a new stake in Dynatrace during the 4th quarter worth $32,000. FinTrust Capital Advisors LLC purchased a new stake in Dynatrace during the 3rd quarter worth $35,000. Planned Solutions Inc. purchased a new stake in Dynatrace during the 4th quarter worth $38,000. Finally, Lindbrook Capital LLC boosted its position in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

NYSE:DT traded down $1.20 during mid-day trading on Tuesday, reaching $45.31. 2,248,405 shares of the company’s stock were exchanged, compared to its average volume of 3,468,514. Dynatrace, Inc. has a one year low of $40.57 and a one year high of $61.41. The firm has a market capitalization of $13.34 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 4.04 and a beta of 1.07. The business’s fifty day simple moving average is $46.80 and its two-hundred day simple moving average is $50.81.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DT shares. Jefferies Financial Group upgraded shares of Dynatrace from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $70.00 in a report on Friday, January 5th. JPMorgan Chase & Co. cut their price objective on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Wolfe Research started coverage on shares of Dynatrace in a report on Monday, March 18th. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Scotiabank boosted their price objective on shares of Dynatrace from $62.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $61.08.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the sale, the senior vice president now owns 89,425 shares in the company, valued at approximately $4,704,649.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the transaction, the insider now directly owns 16,114,344 shares in the company, valued at $847,614,494.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by corporate insiders.

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.