Dynatrace, Inc. $DT Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada has reduced its stake in Dynatrace, Inc. by 5.3%, selling 49,092 shares to now hold approximately 881,494 shares valued at $41.56 million.
• Institutional investors own 94.28% of Dynatrace, with firms like Captrust Financial Advisors and MassMutual Private Wealth increasing their holdings in recent quarters.
• Dynatrace reported earnings of $0.42 EPS for the last quarter, exceeding expectations and demonstrating a 19.5% year-over-year revenue growth.

Royal Bank of Canada lessened its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 5.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 881,494 shares of the company's stock after selling 49,092 shares during the period. Royal Bank of Canada owned about 0.29% of Dynatrace worth $41,562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH grew its position in shares of Dynatrace by 30.0% in the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after buying an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. raised its stake in Dynatrace by 82.4% in the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after acquiring an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after purchasing an additional 4,697 shares during the period. Teacher Retirement System of Texas acquired a new stake in Dynatrace during the 1st quarter valued at approximately $2,175,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Dynatrace during the 1st quarter valued at about $3,846,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity

In related news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,099 shares of company stock worth $154,429. Corporate insiders own 0.57% of the company's stock.

Dynatrace Trading Up 2.9%

DT stock traded up $1.37 during midday trading on Thursday, reaching $49.03. The stock had a trading volume of 3,073,679 shares, compared to its average volume of 3,175,198. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company's fifty day simple moving average is $51.00 and its 200 day simple moving average is $50.71. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 4.19 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million during 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 company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on DT. Barclays boosted their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Guggenheim raised their target price on Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. The Goldman Sachs Group upped their price target on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Citigroup reduced their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Finally, UBS Group lifted their price target on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Company 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.