New England Research & Management Inc. Sells 8,950 Shares of Dynatrace, Inc. (NYSE:DT)

New England Research & Management Inc. trimmed its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 57.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,575 shares of the company's stock after selling 8,950 shares during the quarter. New England Research & Management Inc.'s holdings in Dynatrace were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Union Bancaire Privee UBP SA bought a new position in Dynatrace during the fourth quarter valued at approximately $6,430,000. Asset Management One Co. Ltd. raised its position in Dynatrace by 8.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 116,916 shares of the company's stock valued at $6,394,000 after acquiring an additional 8,967 shares in the last quarter. Vontobel Holding Ltd. raised its position in Dynatrace by 2.8% during the fourth quarter. Vontobel Holding Ltd. now owns 13,903 shares of the company's stock valued at $756,000 after acquiring an additional 378 shares in the last quarter. New Mexico Educational Retirement Board raised its position in Dynatrace by 25.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 60,870 shares of the company's stock valued at $3,308,000 after acquiring an additional 12,370 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Dynatrace by 1.2% during the fourth quarter. Rhumbline Advisers now owns 878,538 shares of the company's stock valued at $47,748,000 after acquiring an additional 10,017 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Down 1.9%

DT traded down $1.01 during trading on Friday, reaching $53.02. 2,479,344 shares of the company's stock were exchanged, compared to its average volume of 3,026,078. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The business has a 50 day moving average price of $49.40 and a 200 day moving average price of $52.62. The company has a market capitalization of $15.89 billion, a P/E ratio of 33.14, a PEG ratio of 7.05 and a beta of 0.92.

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, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace 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 completion of the transaction, the executive vice president now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DT. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Barclays increased their price target on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. The Goldman Sachs Group increased their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price target on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.75.

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.