180 Wealth Advisors LLC Sells 488 Shares of Dynatrace, Inc. $DT

180 Wealth Advisors LLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,805 shares of the company’s stock after selling 488 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Dynatrace were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Ethic Inc. grew its stake in shares of Dynatrace by 20.2% during the 2nd quarter. Ethic Inc. now owns 15,631 shares of the company’s stock valued at $858,000 after acquiring an additional 2,628 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Dynatrace by 12.6% during the 2nd quarter. Stephens Investment Management Group LLC now owns 637,890 shares of the company’s stock valued at $35,218,000 after acquiring an additional 71,216 shares during the period. Covenant Partners LLC bought a new position in shares of Dynatrace during the 2nd quarter valued at approximately $215,000. Coronation Fund Managers Ltd. lifted its holdings in Dynatrace by 22.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 366,012 shares of the company’s stock worth $20,208,000 after purchasing an additional 68,104 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Dynatrace by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 31,729 shares of the company’s stock worth $1,750,000 after purchasing an additional 322 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

In other news, 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 transaction of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares of the company’s stock, valued at $71,000. This represents a 84.09% decrease in their position. The sale was disclosed in a legal filing 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 on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,602 shares of company stock valued at $529,579 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

DT has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price target on Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Royal Bank Of Canada boosted their price target on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Oppenheimer initiated coverage on Dynatrace in a report on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Dynatrace in a report on Friday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.96.

Dynatrace Price Performance

Shares of DT opened at $50.27 on Friday. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 4.44 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 business’s 50 day simple moving average is $49.07 and its 200-day simple moving average is $50.44.

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

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.