Assenagon Asset Management S.A. Reduces Position in Dynatrace, Inc. (NYSE:DT)

Assenagon Asset Management S.A. trimmed its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 9.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 642,088 shares of the company's stock after selling 69,668 shares during the period. Assenagon Asset Management S.A. owned 0.21% of Dynatrace worth $30,274,000 at the end of the most recent reporting period.

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

Dynatrace Stock Performance

Shares of DT traded down $1.01 during mid-day trading on Friday, reaching $53.02. The stock had a trading volume of 2,479,344 shares, compared to its average volume of 3,021,815. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 7.05 and a beta of 0.92. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The business has a fifty day moving average of $49.16 and a 200 day moving average of $52.65.

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

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president now directly owns 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

DT has been the subject of several analyst reports. Bank of America lifted their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays upped their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. KeyCorp started coverage on Dynatrace in a research note on Tuesday. They issued an "overweight" rating and a $69.00 target price for the company. Loop Capital cut their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, May 16th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.75.

Dynatrace 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.