1492 Capital Management LLC Reduces Position in Dynatrace, Inc. (NYSE:DT)

1492 Capital Management LLC lowered its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 75.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,607 shares of the company's stock after selling 17,621 shares during the quarter. 1492 Capital Management LLC's holdings in Dynatrace were worth $264,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC increased its holdings in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. CX Institutional purchased a new position in shares of Dynatrace in the 1st quarter valued at about $40,000. Huntington National Bank increased its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Dynatrace during the 1st quarter worth approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.1%

Shares of DT traded down $0.04 during mid-day trading on Friday, hitting $54.18. The company's stock had a trading volume of 2,000,925 shares, compared to its average volume of 2,311,227. The firm has a 50-day simple moving average of $54.21 and a 200 day simple moving average of $52.42. The firm has a market capitalization of $16.35 billion, a P/E ratio of 33.86, a P/E/G ratio of 4.73 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. As a group, sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DT. KeyCorp began coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Loop Capital dropped their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Barclays raised their price target on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.35.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.57% of the company's stock.

Dynatrace 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.