Dynatrace, Inc. (NYSE:DT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 642,088 shares of the company's stock after selling 69,668 shares during the period. Assenagon Asset Management S.A. owned about 0.21% of Dynatrace worth $30,274,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 buying an additional 484,877 shares during the period. Janus Henderson Group PLC increased its stake in shares of 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 buying an additional 493,987 shares during the period. American Century Companies Inc. increased its stake in shares of Dynatrace by 10.2% during the fourth 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 period. Pictet Asset Management Holding SA increased its stake in shares of Dynatrace by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after buying an additional 834,225 shares during the period. Finally, Geode Capital Management LLC grew its stake in Dynatrace by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after purchasing an additional 87,857 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling

In other Dynatrace 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 value of $862,724.48. Following the completion of the transaction, the executive vice president now directly owns 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DT shares. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. 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. Morgan Stanley set a $55.00 target price on Dynatrace in a research note on Thursday, May 15th. Finally, KeyCorp started coverage on Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Dynatrace Stock Up 2.7%

Shares of Dynatrace stock traded up $1.43 on Monday, reaching $54.46. 2,654,773 shares of the stock were exchanged, compared to its average volume of 3,024,593. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 7.05 and a beta of 0.92. The business has a 50 day moving average price of $49.67 and a two-hundred day moving average price of $52.58.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. 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 earnings per share. The company's revenue was up 16.9% compared to the same quarter last year. Research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.