Dynatrace, Inc. $DT Stake Reduced by RGM Capital LLC

Key Points

• RGM Capital LLC reduced its holdings in Dynatrace, Inc. by 0.2%, now owning approximately 4,046,101 shares valued at $190.77 million, accounting for 7.9% of its investment portfolio.
• Insider selling was noted as EVP Dan Zugelder sold 15,824 shares for about $862,724, representing a significant 47.86% decrease in his ownership of the stock.
• Dynatrace's stock has a current market cap of $14.62 billion and reported a quarterly revenue increase of 19.5% year-over-year, with earnings per share of $0.42, surpassing analyst estimates.

RGM Capital LLC decreased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,046,101 shares of the company's stock after selling 8,275 shares during the period. Dynatrace comprises approximately 7.9% of RGM Capital LLC's portfolio, making the stock its biggest holding. RGM Capital LLC owned about 1.35% of Dynatrace worth $190,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in Dynatrace in the 1st quarter worth $40,000. Brooklyn Investment Group raised its stake in shares of Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after acquiring an additional 800 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace during the first quarter worth about $45,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the last quarter. Finally, Global Financial Private Client LLC grew its stake in shares of Dynatrace by 344.0% in the first quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup lowered 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. Royal Bank Of Canada boosted their target price on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wedbush reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, May 16th. Oppenheimer assumed coverage on shares of Dynatrace in a report on Wednesday. They issued an "outperform" rating and a $65.00 price target on the stock. Finally, Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and an average price target of $62.72.

Dynatrace Stock Performance

Shares of Dynatrace stock traded up $0.76 during trading on Thursday, hitting $50.88. The company's stock had a trading volume of 3,344,957 shares, compared to its average volume of 3,738,198. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The company has a market capitalization of $15.34 billion, a PE ratio of 31.21, a P/E/G ratio of 4.35 and a beta of 0.91. The company has a fifty day simple moving average of $52.03 and a two-hundred day simple moving average of $51.49.

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, topping analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. As a group, analysts predict that Dynatrace, Inc. will post 0.68 EPS 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.