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 reduced its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 44.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,574 shares of the company's stock after selling 190,703 shares during the quarter. AQR Capital Management LLC owned about 0.08% of Dynatrace worth $10,933,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DT. Captrust Financial Advisors lifted its holdings in shares of Dynatrace by 2.9% in 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 period. Cetera Investment Advisers lifted its holdings in shares of Dynatrace by 13.9% in the 4th quarter. Cetera Investment Advisers now owns 52,869 shares of the company's stock valued at $2,873,000 after buying an additional 6,444 shares during the period. Ethic Inc. acquired a new stake in shares of Dynatrace in the 4th quarter valued at approximately $703,000. Ensign Peak Advisors Inc raised its holdings in Dynatrace by 10.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 134,636 shares of the company's stock worth $7,317,000 after purchasing an additional 12,285 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Dynatrace during the fourth quarter worth $538,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DT. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. KeyCorp began coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective for the company. UBS Group lifted their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Royal Bank Of Canada lifted their price objective on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Morgan Stanley set a $55.00 price objective on Dynatrace in a report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Performance

Dynatrace stock opened at $47.70 on Thursday. The stock has a fifty day moving average of $51.15 and a two-hundred day moving average of $50.77. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 4.45 and a beta of 0.91. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million during 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%.Dynatrace's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

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

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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