Mn Services Vermogensbeheer B.V. Decreases Position in Dynatrace, Inc. (NYSE:DT)

Mn Services Vermogensbeheer B.V. lowered its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,000 shares of the company's stock after selling 13,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Dynatrace were worth $4,715,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dragoneer Investment Group LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $242,380,000. Alyeska Investment Group L.P. purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $204,000,000. Norges Bank purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $192,284,000. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $102,209,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $73,906,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group boosted their target price on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. The Goldman Sachs Group boosted their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays boosted their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 target price on Dynatrace in a research report on Thursday, May 15th. Eight research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Dynatrace Stock Performance

NYSE DT traded down $1.24 during trading hours on Friday, hitting $54.41. 3,864,342 shares of the company's stock were exchanged, compared to its average volume of 3,014,040. The business's 50 day moving average is $50.57 and its 200-day moving average is $52.55. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market capitalization of $16.31 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 4.75 and a beta of 0.92.

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

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by insiders.

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.