MYDA Advisors LLC Trims Stake in Dynatrace, Inc. $DT

Key Points

• MYDA Advisors LLC reduced its stake in Dynatrace, Inc. by 43.6%, holding 45,084 shares valued at $2.126 million after selling 34,916 shares in the first quarter.
• Analysts have updated their price targets for Dynatrace with Royal Bank of Canada raising it from $60.00 to $64.00 and maintaining an "outperform" rating.
• Dynatrace reported earnings of $0.42 per share for the last quarter, exceeding expectations and reflecting a 19.5% year-over-year increase in revenue.

MYDA Advisors LLC cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 43.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,084 shares of the company's stock after selling 34,916 shares during the quarter. MYDA Advisors LLC's holdings in Dynatrace were worth $2,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of 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 purchasing an additional 177 shares during the period. Arkadios Wealth Advisors increased its holdings in Dynatrace by 4.6% in the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock valued at $272,000 after buying an additional 253 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 acquiring an additional 256 shares during the period. Illumine Investment Management LLC boosted its stake in shares of Dynatrace by 0.8% during the 1st quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock worth $1,585,000 after acquiring an additional 278 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in shares of Dynatrace by 1.2% during the 1st quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock worth $1,175,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction 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 owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

DT has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. UBS Group upped their target price on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Morgan Stanley set a $55.00 price target on shares of Dynatrace in a research note on Thursday, May 15th. BMO Capital Markets reduced their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, Barclays increased their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.72.

Dynatrace Trading Up 4.2%

DT opened at $50.12 on Thursday. The firm has a market capitalization of $15.11 billion, a PE ratio of 30.75, a PEG ratio of 4.18 and a beta of 0.91. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm's 50-day moving average price is $52.12 and its 200 day moving average price is $51.56.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.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 prior year, the business earned $0.33 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. As a group, analysts predict that Dynatrace, Inc. will post 0.68 earnings per share 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.

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