Mn Services Vermogensbeheer B.V. Sells 13,400 Shares of Dynatrace, Inc. (NYSE:DT)

Mn Services Vermogensbeheer B.V. reduced its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC raised its position in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. Captrust Financial Advisors grew its holdings in Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after acquiring an additional 177 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock worth $183,000 after acquiring an additional 216 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock valued at $500,000 after buying an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock valued at $3,583,000 after buying an additional 253 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Down 0.3%

Shares of NYSE DT traded down $0.19 during midday trading on Thursday, hitting $55.71. 4,028,838 shares of the company's stock were exchanged, compared to its average volume of 3,031,120. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company's 50 day moving average price is $50.09 and its 200 day moving average price is $52.63. The firm has a market capitalization of $16.69 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 4.86 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly 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. The business had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction on 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 now directly owns 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on DT. BMO Capital Markets upped their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. KeyCorp began coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Barclays raised their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, DA Davidson raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.75.

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.