Dynatrace, Inc. (NYSE:DT) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 71.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 641,921 shares of the company's stock after selling 1,589,910 shares during the quarter. Wellington Management Group LLP owned about 0.21% of Dynatrace worth $34,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after buying an additional 484,877 shares during the period. Janus Henderson Group PLC increased its stake in Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after purchasing an additional 493,987 shares during the period. American Century Companies Inc. increased its stake in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after buying an additional 700,332 shares during the period. Pictet Asset Management Holding SA increased its stake in Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after buying an additional 834,225 shares during the period. Finally, Geode Capital Management LLC increased its stake in Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after buying an additional 87,857 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DT. 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. Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Tuesday, May 13th. DA Davidson increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, May 15th. Finally, Wedbush reissued an "outperform" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $61.43.

Dynatrace Price Performance

Shares of DT stock traded up $0.50 during mid-day trading on Tuesday, hitting $54.31. The stock had a trading volume of 2,411,134 shares, compared to its average volume of 3,124,718. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a market cap of $16.27 billion, a PE ratio of 33.94, a PEG ratio of 7.05 and a beta of 0.95. The company's 50-day simple moving average is $47.87 and its 200-day simple moving average is $52.58.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.