Dynatrace, Inc. $DT Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. significantly reduced its stake in Dynatrace, Inc. by 83.4%, selling 576,444 shares and retaining only 114,418 shares worth $5,395,000.
• Other institutional investors, such as Keybank National Association and Bridges Investment Management Inc., increased their holdings in Dynatrace, indicating varied strategies among hedge funds.
• Dynatrace's stock performance shows a 52-week range of $39.30 to $63.00, with recent earnings exceeding analyst expectations, reporting $0.42 EPS against a consensus of $0.38.

Baird Financial Group Inc. lessened its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 83.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,418 shares of the company's stock after selling 576,444 shares during the period. Baird Financial Group Inc.'s holdings in Dynatrace were worth $5,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of Dynatrace by 2.9% during 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. Arkadios Wealth Advisors boosted its position in shares of Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after buying an additional 253 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dynatrace by 35.4% during the first 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 period. Illumine Investment Management LLC grew its stake in shares of Dynatrace by 0.8% in the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after buying an additional 278 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Dynatrace by 1.2% in the first quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock valued at $1,175,000 after buying an additional 301 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 5.8%

NYSE:DT traded down $2.95 during mid-day trading on Wednesday, hitting $47.70. The stock had a trading volume of 6,194,627 shares, compared to its average volume of 3,013,596. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a 50-day simple moving average of $51.15 and a two-hundred day simple moving average of $50.77. The company has a market capitalization of $14.38 billion, a PE ratio of 29.27, a PEG ratio of 4.45 and a beta of 0.91.

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

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction dated 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 sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa M. Campbell sold 1,013 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director directly owned 1,012 shares of the company's stock, valued at approximately $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,099 shares of company stock valued at $154,429. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DT shares. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. BMO Capital Markets reduced their price target on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Barclays lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Finally, DA Davidson raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

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.