Dynatrace, Inc. $DT Shares Sold by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. has reduced its stake in Dynatrace, Inc. by 62%, selling 91,511 shares during the first quarter, leaving it with holdings valued at approximately $2.64 million.
• Several institutional investors have increased their stakes in Dynatrace, with Coppell Advisory Solutions LLC raising its holdings by 1,423.4%, reflecting a growing interest in the stock among institutional buyers.
• Dynatrace recently reported a Q1 earnings per share (EPS) of $0.42, exceeding analyst expectations, with revenue of $477.35 million, up 19.5% year-over-year.

Capital Fund Management S.A. cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 62.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,068 shares of the company's stock after selling 91,511 shares during the quarter. Capital Fund Management S.A.'s holdings in Dynatrace were worth $2,644,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Keybank National Association OH increased its position in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after buying an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Dynatrace by 4.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after buying an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Dynatrace in the 1st quarter valued at $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Dynatrace in the 1st quarter valued at $3,846,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Up 1.5%

Dynatrace stock traded up $0.76 during trading on Thursday, reaching $50.88. The stock had a trading volume of 3,344,957 shares, compared to its average volume of 3,051,008. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The stock has a market cap of $15.34 billion, a PE ratio of 31.21, a P/E/G ratio of 4.18 and a beta of 0.91. The business has a 50 day moving average price of $52.12 and a 200 day moving average price of $51.56.

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. On average, equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The transaction 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.

Analyst Upgrades and Downgrades

DT has been the topic of several recent analyst reports. Guggenheim upped their price target on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Wedbush reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, May 16th. BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Morgan Stanley set a $55.00 price target on Dynatrace in a research note on Thursday, May 15th. Finally, Citigroup decreased their price target on Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

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.