Raiffeisen Bank International AG Trims Stock Position in Dynatrace, Inc. (NYSE:DT)

Key Points

• Raiffeisen Bank International AG reduced its holdings in Dynatrace by 2.5%, ending the quarter with approximately 379,612 shares valued at $18.38 million.
• Multiple institutional investors, including Keybank National Association and Bridges Investment Management Inc., increased their stakes in Dynatrace, contributing to a total institutional ownership of 94.28%.
• Dynatrace reported Q1 earnings that exceeded analyst expectations, with an EPS of $0.33 and revenue of $445.17 million, marking a 16.9% year-over-year increase.

Raiffeisen Bank International AG reduced its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 379,612 shares of the company's stock after selling 9,578 shares during the period. Raiffeisen Bank International AG owned approximately 0.13% of Dynatrace worth $18,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DT. Keybank National Association OH grew its position in shares of Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after acquiring an additional 170,380 shares during the period. Bridges Investment Management Inc. grew its position in shares of Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after acquiring an additional 11,234 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after acquiring an additional 4,697 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Dynatrace during the 1st quarter valued at about $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Dynatrace during the 1st quarter valued at about $3,846,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. BMO Capital Markets raised their price target on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. DA Davidson raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Bank of America raised their price target on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.35.

Dynatrace Price Performance

Shares of Dynatrace stock traded down $0.28 during trading on Tuesday, hitting $51.34. 625,358 shares of the stock were exchanged, compared to its average volume of 2,927,929. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 4.41 and a beta of 0.91. The firm's 50-day moving average price is $54.15 and its 200 day moving average price is $52.52. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. As a group, research analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.