Dynatrace, Inc. $DT Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Dynatrace, Inc. by 9.5%, owning approximately 0.06% of the company after selling 20,135 shares during the first quarter.
• Dynatrace reported a 19.5% year-over-year increase in revenue, reaching $477.35 million for the quarter, and earned $0.42 per share, surpassing expectations.
• Analyst ratings for Dynatrace have generally been positive, with a consensus rating of "Moderate Buy" and an average price target of $62.63.

APG Asset Management N.V. lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,666 shares of the company's stock after selling 20,135 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of Dynatrace worth $8,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 valued at $342,000 after acquiring an additional 177 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Dynatrace by 4.6% during the 1st quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after acquiring an additional 253 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the last quarter. Illumine Investment Management LLC lifted its position in 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 during the last quarter. Finally, Y.D. More Investments Ltd lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of DT opened at $48.50 on Tuesday. The stock has a market capitalization of $14.62 billion, a PE ratio of 29.75, a P/E/G ratio of 4.29 and a beta of 0.91. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company's 50-day simple moving average is $52.39 and its 200-day simple moving average is $51.60.

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, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of the company's 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 sale, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This 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. Corporate insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Monday. KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. Royal Bank Of Canada upped their target price on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets decreased their target price 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.63.

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.

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