Dynatrace, Inc. $DT Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its stake in Dynatrace, Inc. (NYSE:DT) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,200 shares of the company’s stock after selling 4,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Dynatrace were worth $6,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DT. Keybank National Association OH lifted its stake in shares of Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company’s stock worth $34,808,000 after buying an additional 170,380 shares during the period. Bridges Investment Management Inc. lifted its stake in shares of Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company’s stock worth $1,173,000 after buying an additional 11,234 shares during the period. Asset Management One Co. Ltd. lifted its position in Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company’s stock worth $5,734,000 after acquiring an additional 4,697 shares during the period. Teacher Retirement System of Texas acquired a new stake in Dynatrace during the 1st quarter worth about $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new stake in Dynatrace during the 1st quarter worth about $3,846,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Price Performance

DT opened at $47.93 on Friday. The firm has a fifty day moving average price of $48.89 and a 200 day moving average price of $50.17. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a market cap of $14.45 billion, a P/E ratio of 29.41, a P/E/G ratio of 4.32 and a beta of 0.88.

Dynatrace (NYSE:DT) last issued its quarterly earnings data 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 business had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

DT has been the subject of a number of research reports. Guggenheim lifted their price target on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dynatrace in a report on Wednesday. Citigroup decreased their price objective on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Oppenheimer started coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.96.

Insider Buying and Selling

In other news, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 7,503 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the transaction, the executive vice president directly owned 1,420 shares of the company’s stock, valued at approximately $71,000. The trade was a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,602 shares of company stock valued at $529,579. 0.57% of the stock is owned by company insiders.

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.