Johnson Investment Counsel Inc. Sells 19,279 Shares of Dynatrace, Inc. (NYSE:DT)

Johnson Investment Counsel Inc. decreased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,615 shares of the company's stock after selling 19,279 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Dynatrace were worth $4,131,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace during the fourth quarter valued at $38,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the last quarter. CX Institutional purchased a new stake in shares of Dynatrace during the first quarter valued at $40,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace during the first quarter valued at $45,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Up 0.3%

DT traded up $0.14 during midday trading on Monday, reaching $54.55. The company's stock had a trading volume of 2,552,556 shares, compared to its average volume of 3,012,194. The stock has a market cap of $16.35 billion, a P/E ratio of 34.09, a PEG ratio of 4.75 and a beta of 0.92. The company has a fifty day simple moving average of $50.79 and a 200 day simple moving average of $52.49. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data 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 9.08% and a net margin of 28.47%. The company had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. During the same quarter last year, the company earned $0.30 EPS. The company's quarterly revenue was up 16.9% on a year-over-year basis. Sell-side analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the firm'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 completion of the transaction, the executive vice president now owns 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DT. Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. The Goldman Sachs Group increased their price objective on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a research note on Saturday. Wedbush reaffirmed an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, May 16th. Finally, Loop Capital cut their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.75.

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.