AlphaQuest LLC Sells 15,608 Shares of Dynatrace, Inc. $DT

Key Points

• AlphaQuest LLC has reduced its stake in Dynatrace, Inc. by 69.4%, selling 15,608 shares and now holding 6,894 shares worth approximately $325,000.
• Dynatrace reported a 19.5% revenue increase year-over-year, with quarterly earnings of $0.42 EPS, exceeding analysts' expectations of $0.38.
• Research analysts have shown confidence in Dynatrace, with several increasing their target prices, resulting in a consensus "Moderate Buy" rating and an average target price of $62.72.

AlphaQuest LLC lowered its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 69.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,894 shares of the company's stock after selling 15,608 shares during the period. AlphaQuest LLC's holdings in Dynatrace were worth $325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CX Institutional bought a new position in Dynatrace in the first quarter worth approximately $40,000. Brooklyn Investment Group boosted its holdings in Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after acquiring an additional 800 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Dynatrace in the first quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its holdings in Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after acquiring an additional 860 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Up 4.2%

Shares of DT opened at $50.12 on Thursday. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 4.18 and a beta of 0.91. The stock has a 50 day moving average of $52.12 and a 200 day moving average of $51.56. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.Dynatrace's revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DT shares. Barclays raised their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Rosenblatt Securities restated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. Bank of America raised their target price on Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada raised their target price on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. 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. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company's stock.

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.

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