Alliancebernstein L.P. Reduces Position in Dynatrace, Inc. $DT

Key Points

• Alliancebernstein L.P. reduced its stake in Dynatrace, Inc. by 39.1%, selling 260,230 shares to own a total of 405,811 shares valued at approximately $19.13 million.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, surpassing the consensus estimate of $0.38, and demonstrating a revenue increase of 19.5% year-over-year.
• The stock price of Dynatrace has been actively updated by analysts, with price targets varying from $62.00 to $68.00, reflecting significant interest and mixed performance in recent research reports.

Alliancebernstein L.P. reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 39.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 405,811 shares of the company's stock after selling 260,230 shares during the period. Alliancebernstein L.P. owned about 0.14% of Dynatrace worth $19,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors raised its holdings in Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after purchasing an additional 177 shares during the period. Cetera Investment Advisers raised its stake in shares of Dynatrace by 13.9% in the fourth quarter. Cetera Investment Advisers now owns 52,869 shares of the company's stock worth $2,873,000 after buying an additional 6,444 shares during the period. Ethic Inc. purchased a new position in shares of Dynatrace during the 4th quarter valued at about $703,000. Ensign Peak Advisors Inc increased its holdings in Dynatrace by 10.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 134,636 shares of the company's stock worth $7,317,000 after acquiring an additional 12,285 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in Dynatrace during the 4th quarter worth approximately $538,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. Royal Bank Of Canada raised their price target on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, KeyCorp assumed coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Performance

Shares of DT traded down $0.78 during mid-day trading on Tuesday, hitting $47.83. 4,710,484 shares of the stock were exchanged, compared to its average volume of 3,229,185. The company has a market cap of $14.42 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 4.27 and a beta of 0.91. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a 50-day moving average of $50.52 and a two-hundred day moving average of $50.46.

Dynatrace (NYSE:DT - Get Free Report) 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 predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Activity at Dynatrace

In other news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $50,417.01. Following the sale, the director owned 1,012 shares in the company, valued at $50,367.24. The trade was a 50.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 over the last ninety days. Insiders own 0.57% of the company's stock.

About Dynatrace

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.