Cooper Financial Group Decreases Stock Holdings in Dynatrace, Inc. $DT

Cooper Financial Group lowered its stake in shares of Dynatrace, Inc. (NYSE:DT) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,173 shares of the company’s stock after selling 1,618 shares during the period. Cooper Financial Group’s holdings in Dynatrace were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV raised its position in Dynatrace by 0.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock worth $1,686,000 after acquiring an additional 249 shares during the last quarter. Arkadios Wealth Advisors raised its position in Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company’s stock worth $272,000 after acquiring an additional 253 shares during the last quarter. Illumine Investment Management LLC raised its position in Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company’s stock worth $1,585,000 after acquiring an additional 278 shares during the last quarter. Y.D. More Investments Ltd raised its position in Dynatrace by 1.2% during the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company’s stock worth $1,175,000 after acquiring an additional 301 shares during the last quarter. Finally, Cordatus Wealth Management LLC raised its position in Dynatrace by 7.7% during the first quarter. Cordatus Wealth Management LLC now owns 4,472 shares of the company’s stock worth $211,000 after acquiring an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $48.34 on Thursday. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 4.26 and a beta of 0.88. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company’s fifty day moving average is $49.55 and its two-hundred day moving average is $50.23.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to analysts’ expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. Sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director directly owned 1,012 shares of the company’s stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 over the last three months. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. BMO Capital Markets cut their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Wells Fargo & Company assumed coverage on shares of Dynatrace in a research report on Tuesday. They issued an “overweight” rating and a $65.00 price objective for the company. Finally, Guggenheim boosted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.52.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.