Korea Investment CORP Reduces Holdings in Dynatrace, Inc. $DT

Key Points

• Korea Investment CORP reduced its holdings in Dynatrace, Inc. by 43.1%, selling 98,084 shares and leaving them with 129,465 shares worth approximately $6.1 million.
• Institutional investors now hold 94.28% of Dynatrace's stock, with significant increases in stakes from firms like Keybank National Association and Bridges Investment Management.
• Dynatrace reported earnings of $0.42 per share for the last quarter, surpassing analysts' expectations of $0.38, alongside a revenue increase of 19.5% year-over-year.

Korea Investment CORP trimmed its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,465 shares of the company's stock after selling 98,084 shares during the quarter. Korea Investment CORP's holdings in Dynatrace were worth $6,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its stake in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional purchased a new position in Dynatrace in the first quarter worth about $40,000. Brooklyn Investment Group raised its holdings in Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after buying an additional 800 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Dynatrace in the first quarter worth about $45,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

Shares of DT stock traded up $1.99 during trading hours on Wednesday, reaching $50.10. The company had a trading volume of 1,793,949 shares, compared to its average volume of 3,039,410. The business has a fifty day moving average price of $52.23 and a 200-day moving average price of $51.57. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a market cap of $15.11 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 4.20 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. Equities research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on DT shares. Barclays lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Bank of America lifted their target price on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Royal Bank Of Canada lifted their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. UBS Group lifted their target price on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Insider Activity

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 shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 0.57% of the company's stock.

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.