Dynatrace, Inc. $DT Stake Trimmed by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Dynatrace, Inc. by 23.1%, owning 33,493 shares after selling 10,079 shares in Q2, with holdings valued at $1,849,000.
• Insider trading saw CAO Daniel S. Yates and EVP Dan Zugelder selling shares, with Yates reducing his position by 8.14% and Zugelder by 84.09%.
• Dynatrace saw a 19.5% year-over-year revenue increase with a quarterly revenue of $477.35 million and earnings per share of $0.42, exceeding analyst estimates.

US Bancorp DE lowered its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 23.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,493 shares of the company's stock after selling 10,079 shares during the quarter. US Bancorp DE's holdings in Dynatrace were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional purchased a new position in Dynatrace in the 1st quarter worth about $40,000. Brooklyn Investment Group increased its stake in Dynatrace by 761.9% in the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares in the last quarter. S.A. Mason LLC purchased a new position in Dynatrace in the 1st quarter worth about $58,000. SBI Securities Co. Ltd. grew its stake in Dynatrace by 131.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock valued at $76,000 after acquiring an additional 921 shares in the last quarter. Finally, Archer Investment Corp grew its stake in Dynatrace by 36.1% during the 1st quarter. Archer Investment Corp now owns 2,075 shares of the company's stock valued at $98,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling

In related news, CAO Daniel S. Yates sold 2,000 shares of the business'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 value of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. The trade was a 8.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dan Zugelder sold 7,503 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the transaction, the executive vice president owned 1,420 shares of the company's stock, valued at approximately $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,602 shares of company stock worth $529,579. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Performance

DT opened at $47.77 on Thursday. The business has a 50 day moving average price of $48.73 and a 200 day moving average price of $50.15. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $14.40 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 4.25 and a beta of 0.88.

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

Analyst Ratings Changes

DT has been the topic of several research analyst reports. Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. BMO Capital Markets lowered their target price on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. Royal Bank Of Canada lifted 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. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dynatrace in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.96.

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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