Dynatrace, Inc. $DT Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has significantly reduced its holdings in Dynatrace, Inc. by 44.7% in the first quarter, now owning approximately 0.08% of the company's stock, valued at about $10.93 million.
• Several brokerages have issued positive ratings for Dynatrace, with price targets ranging from $55.00 to $69.00, indicating a generally favorable outlook from analysts.
• Dynatrace reported earnings of $0.42 per share for the latest quarter, exceeding analysts' expectations, with a revenue of $477.35 million, marking a 19.5% year-over-year increase.

AQR Capital Management LLC lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 44.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,574 shares of the company's stock after selling 190,703 shares during the period. AQR Capital Management LLC owned 0.08% of Dynatrace worth $10,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake 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 buying an additional 177 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of 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 buying an additional 253 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares during the period. Illumine Investment Management LLC raised its position in Dynatrace by 0.8% during the first quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock valued at $1,585,000 after acquiring an additional 278 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings 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 acquiring an additional 301 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

In related news, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director directly owned 1,012 shares in the company, valued at approximately $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on DT. BMO Capital Markets dropped their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Citigroup dropped their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Guggenheim lifted their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada increased their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.78 during trading on Tuesday, reaching $47.83. The stock had a trading volume of 4,710,484 shares, compared to its average volume of 3,229,185. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a market cap of $14.42 billion, a PE ratio of 29.34, a PEG ratio of 4.27 and a beta of 0.91. The business has a fifty day moving average price of $50.52 and a 200-day moving average price of $50.46.

Dynatrace (NYSE:DT - Get Free Report) last announced 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. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The company had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the firm posted $0.33 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.