Dynatrace, Inc. $DT Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG significantly reduced its stake in Dynatrace, Inc. by 86% during the second quarter, owning only 5,631 shares after selling 34,541 shares.
• Dynatrace reported a 19.5% revenue increase year-over-year, achieving $477.35 million in revenue with an earnings per share of $0.42, surpassing analysts' expectations.
• Over 94% of Dynatrace's stock is held by institutional investors, indicating strong institutional interest in the company.

J. Safra Sarasin Holding AG reduced its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 86.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,631 shares of the company's stock after selling 34,541 shares during the period. J. Safra Sarasin Holding AG's holdings in Dynatrace were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DT. CX Institutional acquired a new stake in Dynatrace during the 1st quarter worth about $40,000. Brooklyn Investment Group grew its position in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Dynatrace during the 1st quarter worth about $45,000. S.A. Mason LLC acquired a new stake in Dynatrace during the 1st quarter worth about $58,000. Finally, SBI Securities Co. Ltd. grew its position in Dynatrace by 131.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock worth $76,000 after purchasing an additional 921 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.6%

Shares of Dynatrace stock opened at $49.58 on Friday. The firm has a market capitalization of $14.95 billion, a PE ratio of 30.42, a P/E/G ratio of 4.36 and a beta of 0.88. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm's 50-day moving average price is $49.38 and its 200 day moving average price is $50.24.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 1,012 shares of the company's stock, valued at $50,367.24. This trade represents a 50.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was 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 directly owned 22,555 shares in the company, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,099 shares of company stock worth $154,429 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Guggenheim increased their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday. KeyCorp assumed coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Dynatrace in a research note on Saturday, September 27th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.52.

Dynatrace 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.

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