Dynatrace, Inc. (NYSE:DT) Shares Sold by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC reduced its stake in Dynatrace by 5.5%, owning 113,555 shares after selling 6,588 shares, with a total value of approximately $5,354,000.
• Dynatrace's stock is currently trading at $50.62, reflecting a 1.9% decline, with a market capitalization of $15.28 billion.
• The company reported earnings of $0.33 per share, exceeding estimates, and had a revenue of $445.17 million for the quarter, a 16.9% increase year-over-year.

Cary Street Partners Financial LLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 113,555 shares of the company's stock after selling 6,588 shares during the period. Cary Street Partners Financial LLC's holdings in Dynatrace were worth $5,354,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares during the period. CX Institutional purchased a new stake in shares of Dynatrace during the first quarter worth $40,000. Huntington National Bank grew its holdings in shares of Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after buying an additional 606 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace during the first quarter worth $45,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Down 1.9%

NYSE:DT opened at $50.62 on Wednesday. The company has a market capitalization of $15.28 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The stock has a fifty day simple moving average of $54.08 and a 200-day simple moving average of $52.50.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The firm had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same quarter in the previous year, the company posted $0.30 EPS. The firm's revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DT has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. BMO Capital Markets upped their target price on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Royal Bank Of Canada upped their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. KeyCorp started coverage on shares of Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price for the company. Finally, Bank of America upped their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.35.

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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