Raymond James Financial Inc. Reduces Stake in Dynatrace, Inc. $DT

Key Points

• Raymond James Financial Inc. reduced its investment in Dynatrace, Inc. by 7.0%, selling 131,918 shares, and now holds about 0.58% of the company, valued at $82.4 million.
• Dynatrace reported a significant year-over-year revenue increase of 19.5%, with quarterly earnings of $0.42 per share, exceeding analyst expectations of $0.38.
• Various institutional investors have altered their positions in Dynatrace, with over 94% of the company's stock currently owned by hedge funds and institutional investors.

Raymond James Financial Inc. cut its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,748,661 shares of the company's stock after selling 131,918 shares during the quarter. Raymond James Financial Inc. owned 0.58% of Dynatrace worth $82,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DT. Coppell Advisory Solutions LLC grew its stake in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares in the last quarter. CX Institutional acquired a new position in Dynatrace during the 1st quarter worth $40,000. Opal Wealth Advisors LLC acquired a new position in Dynatrace during the 1st quarter worth $45,000. MassMutual Private Wealth & Trust FSB grew its stake in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in Dynatrace by 344.0% during the 1st quarter. Global Financial Private Client LLC now owns 1,110 shares of the company's stock worth $52,000 after purchasing an additional 860 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on DT. The Goldman Sachs Group boosted their target price on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Citigroup lowered their price objective on Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. KeyCorp started coverage on Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Monday, August 4th. Finally, UBS Group upped their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.63.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Trading Up 1.2%

Shares of Dynatrace stock traded up $0.60 on Friday, hitting $49.41. The stock had a trading volume of 2,819,559 shares, compared to its average volume of 3,487,882. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 4.29 and a beta of 0.91. The company's 50 day moving average price is $52.51 and its 200 day moving average price is $51.73.

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