Cerity Partners LLC Sells 9,193 Shares of Dynatrace, Inc. (NYSE:DT)

Key Points

• Cerity Partners LLC significantly reduced its stake in Dynatrace, Inc. by 60.9%, holding 5,908 shares valued at $279,000 after selling 9,193 shares in the first quarter.
• Dynatrace saw increased institutional interest, with several hedge funds, including LPL Financial and Mitsubishi UFJ Trust, expanding their positions during the fourth quarter.
• Analyst ratings are largely positive, with seventeen analysts

Cerity Partners LLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 60.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,908 shares of the company's stock after selling 9,193 shares during the quarter. Cerity Partners LLC's holdings in Dynatrace were worth $279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bridges Investment Management Inc. raised its position in shares of Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after acquiring an additional 11,234 shares in the last quarter. LBP AM SA increased its position in Dynatrace by 278.7% in the 1st quarter. LBP AM SA now owns 467,422 shares of the company's stock valued at $22,039,000 after buying an additional 344,005 shares in the last quarter. Robocap Asset Management Ltd increased its position in Dynatrace by 10.8% in the 1st quarter. Robocap Asset Management Ltd now owns 186,811 shares of the company's stock valued at $8,808,000 after buying an additional 18,170 shares in the last quarter. Walter Public Investments Inc. increased its position in Dynatrace by 4.6% in the 1st quarter. Walter Public Investments Inc. now owns 288,331 shares of the company's stock valued at $13,595,000 after buying an additional 12,622 shares in the last quarter. Finally, Davidson Investment Advisors increased its position in Dynatrace by 2.9% in the 1st quarter. Davidson Investment Advisors now owns 434,718 shares of the company's stock valued at $20,497,000 after buying an additional 12,398 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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 sale, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by insiders.

Dynatrace Stock Down 0.3%

Dynatrace stock traded down $0.14 during trading on Thursday, hitting $53.78. The stock had a trading volume of 763,062 shares, compared to its average volume of 2,935,686. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock's 50 day moving average is $54.27 and its two-hundred day moving average is $52.48. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 4.77 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

DT has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Guggenheim raised Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 price objective for the company in a report on Wednesday, July 23rd. Finally, Wedbush reissued an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus price target of $62.35.

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.