Dynatrace, Inc. $DT Position Reduced by CW Advisors LLC

Key Points

• CW Advisors LLC has reduced its stake in Dynatrace, Inc. by 13.0%, now holding approximately 236,222 shares worth $11.14 million.
• Dynatrace reported a 19.5% year-over-year revenue increase, with quarterly earnings surpassing estimates by earning $0.42 per share.
• Institutional investors own 94.28% of Dynatrace's stock, reflecting strong backing in the company's operations.

CW Advisors LLC lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 236,222 shares of the company's stock after selling 35,157 shares during the period. CW Advisors LLC owned 0.08% of Dynatrace worth $11,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Dynatrace by 0.5% in the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after acquiring an additional 157,523 shares during the period. Janus Henderson Group PLC increased its position in Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares during the period. Goldman Sachs Group Inc. lifted its stake in Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after buying an additional 1,124,207 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Dynatrace by 3.1% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock valued at $367,833,000 after acquiring an additional 230,967 shares during the period. Finally, Dragoneer Investment Group LLC acquired a new position in shares of Dynatrace during the fourth quarter valued at $242,380,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were 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 $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Friday, May 16th. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. Barclays boosted their price objective on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price of $62.63.

Dynatrace Trading Up 1.2%

NYSE:DT traded up $0.60 during midday trading on Friday, hitting $49.41. 2,819,559 shares of the stock were exchanged, compared to its average volume of 3,528,813. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 4.29 and a beta of 0.91. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The business has a 50-day moving average price of $52.51 and a two-hundred day moving average price of $51.68.

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

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.