Sequoia Financial Advisors LLC Takes Position in Dynatrace, Inc. $DT

Key Points

• Sequoia Financial Advisors LLC has acquired a new position in Dynatrace, Inc., purchasing 28,530 shares valued at approximately $1,575,000 in the second quarter.
• Insiders at Dynatrace sold a total of 10,602 shares valued at $529,579 over the last ninety days, resulting in notable decreases in their ownership stakes.
• Dynatrace recently reported earnings of $0.42 per share, exceeding analysts' estimates and showing a 19.5% year-over-year revenue increase.

Sequoia Financial Advisors LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 28,530 shares of the company's stock, valued at approximately $1,575,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new position in shares of Dynatrace in the 2nd quarter valued at about $35,000. Brooklyn Investment Group boosted its stake in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock valued at $43,000 after purchasing an additional 800 shares during the period. S.A. Mason LLC acquired a new position in Dynatrace during the 1st quarter valued at about $58,000. CX Institutional boosted its stake in Dynatrace by 42.6% during the 2nd quarter. CX Institutional now owns 1,221 shares of the company's stock valued at $67,000 after purchasing an additional 365 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in Dynatrace by 131.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock valued at $76,000 after purchasing an additional 921 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Zugelder sold 7,503 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president directly owned 1,420 shares of the company's stock, valued at approximately $71,000. This represents a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,602 shares of company stock valued at $529,579 over the last ninety days. Insiders own 0.57% of the company's stock.

Analyst Ratings Changes

DT has been the subject of a number of analyst reports. Oppenheimer initiated coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an "outperform" rating and a $65.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They set an "overweight" rating and a $65.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Monday, August 4th. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.96.

Dynatrace Trading Down 0.9%

Shares of NYSE:DT opened at $47.35 on Friday. The company has a 50 day moving average of $48.74 and a 200-day moving average of $50.15. The firm has a market cap of $14.28 billion, a P/E ratio of 29.05, a P/E/G ratio of 4.22 and a beta of 0.88. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

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