Dynatrace, Inc. $DT Shares Sold by A&I Financial Services LLC

Key Points

• A&I Financial Services LLC has reduced its stake in Dynatrace, Inc. by 38.9%, now holding 10,067 shares valued at approximately $556,000.
• Dynatrace reported Q2 earnings of $0.42 per share, exceeding analysts' expectations, with revenue of $477.35 million, a 19.5% increase year-over-year.
• Institutional investors own 94.28% of Dynatrace's stock, indicating significant institutional interest in the company.

A&I Financial Services LLC lowered its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 38.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,067 shares of the company's stock after selling 6,414 shares during the period. A&I Financial Services LLC's holdings in Dynatrace were worth $556,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DT. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Dynatrace by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock worth $1,686,000 after purchasing an additional 249 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after purchasing an additional 253 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after purchasing an additional 256 shares in the last quarter. Illumine Investment Management LLC raised 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 worth $1,585,000 after purchasing an additional 278 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position 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. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Down 1.5%

Shares of Dynatrace stock traded down $0.73 during midday trading on Tuesday, hitting $47.87. The company's stock had a trading volume of 917,746 shares, compared to its average volume of 3,095,117. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a 50-day simple moving average of $50.14 and a 200-day simple moving average of $50.26. The firm has a market capitalization of $14.43 billion, a P/E ratio of 29.38, a PEG ratio of 4.25 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for 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%.The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. As a group, sell-side analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Transactions at Dynatrace

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director directly owned 1,012 shares in the company, valued at $50,367.24. The trade was a 50.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 in the last three months. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DT. KeyCorp initiated coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Guggenheim increased their target price on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price objective on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Citigroup dropped their price target on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. One equities research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.72.

About Dynatrace

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.