Dynatrace, Inc. (NYSE:DT) Stock Position Lowered by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in Dynatrace, Inc. by 7.2% in the first quarter, now owning 196,515 shares valued at approximately $9.27 million.
• Several hedge funds have made significant transactions in Dynatrace, with MassMutual Private Wealth & Trust FSB increasing its holdings by 35.4% during the first quarter.
• Wall Street analysts show strong support for Dynatrace, with 16 analysts issuing a buy rating and a consensus price target of $62.35.

Natixis Advisors LLC lessened its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,515 shares of the company's stock after selling 15,224 shares during the period. Natixis Advisors LLC owned about 0.07% of Dynatrace worth $9,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Coppell Advisory Solutions LLC grew its holdings in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the period. CX Institutional bought a new position in shares of Dynatrace during the first quarter worth $40,000. Opal Wealth Advisors LLC bought a new position in Dynatrace during the first quarter valued at $45,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dynatrace by 35.4% in the 1st 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 last quarter. Finally, Huntington National Bank increased its stake in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. BMO Capital Markets lowered their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday. Guggenheim boosted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley set a $55.00 target price on shares of Dynatrace in a research note 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 research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $62.57.

Dynatrace Stock Down 0.6%

DT stock traded down $0.29 during trading on Friday, reaching $46.58. The company's stock had a trading volume of 2,443,507 shares, compared to its average volume of 3,006,073. The company's fifty day moving average is $53.87 and its 200-day moving average is $52.46. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $14.06 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 4.41 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. 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 firm posted $0.30 earnings per share. The company's revenue was up 16.9% on a year-over-year basis. Analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.