MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Position in Dynatrace, Inc. $DT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Dynatrace, Inc. by 0.7%, selling 15,881 shares and holding a total of 2,424,821 shares valued at approximately $114.4 million.
• Several other institutional investors increased their positions in Dynatrace, leading to a current institutional ownership of 94.28% of the company's stock.
• Dynatrace's stock recently opened at $49.83, with a market capitalization of $15.02 billion and has shown a quarterly revenue increase of 19.5% year-over-year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,424,821 shares of the company's stock after selling 15,881 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.81% of Dynatrace worth $114,441,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DT. Stifel Financial Corp lifted its position in Dynatrace by 59.4% in the 4th quarter. Stifel Financial Corp now owns 25,527 shares of the company's stock valued at $1,387,000 after acquiring an additional 9,513 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Dynatrace by 8.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,466 shares of the company's stock valued at $1,601,000 after acquiring an additional 2,406 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Dynatrace in the 4th quarter valued at about $6,462,000. Benjamin Edwards Inc. lifted its position in Dynatrace by 16.6% in the 4th quarter. Benjamin Edwards Inc. now owns 30,043 shares of the company's stock valued at $1,633,000 after acquiring an additional 4,288 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock valued at $342,000 after acquiring an additional 177 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other news, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the transaction, the director directly owned 1,012 shares in the company, valued at $50,367.24. The trade was a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock valued at $154,429 over the last 90 days. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DT. Oppenheimer began coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 target price on the stock. KeyCorp began coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 target price on the stock. Barclays lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Citigroup dropped their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus price target of $62.72.

Dynatrace Stock Performance

Dynatrace stock traded down $2.82 during mid-day trading on Wednesday, reaching $47.83. The company's stock had a trading volume of 3,147,604 shares, compared to its average volume of 3,060,303. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market capitalization of $14.42 billion, a P/E ratio of 29.48, a PEG ratio of 4.39 and a beta of 0.91. The firm's fifty day moving average price is $51.29 and its two-hundred day moving average price is $50.80.

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

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.