Stanley Laman Group Ltd. Sells 10,572 Shares of Dynatrace, Inc. $DT

Key Points

• Stanley Laman Group Ltd. reduced its stake in Dynatrace, Inc. by 8.2% during Q2, selling 10,572 shares and now holding 118,421 shares valued at approximately $6.54 million.
• Dynatrace's quarterly earnings exceeded analysts' expectations, reporting $0.42 EPS against a consensus estimate of $0.38, with revenue increasing by 19.5% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Dynatrace, with an average price target of $62.96, as several firms have recently initiated coverage with positive ratings.

Stanley Laman Group Ltd. lessened its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,421 shares of the company's stock after selling 10,572 shares during the quarter. Dynatrace makes up approximately 1.0% of Stanley Laman Group Ltd.'s holdings, making the stock its 16th biggest holding. Stanley Laman Group Ltd.'s holdings in Dynatrace were worth $6,538,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DT. Eastern Bank bought a new position in Dynatrace during the 2nd quarter worth approximately $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 worth $43,000 after acquiring an additional 800 shares during the last quarter. S.A. Mason LLC bought a new position in Dynatrace during the 1st quarter worth approximately $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 worth $67,000 after acquiring an additional 365 shares during the last quarter. 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 worth $76,000 after acquiring an additional 921 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of DT opened at $48.19 on Friday. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $14.53 billion, a P/E ratio of 29.56, a PEG ratio of 4.18 and a beta of 0.88. The firm's 50 day moving average price is $48.78 and its two-hundred day moving average price is $50.15.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $467.39 million. During the same period last year, the company earned $0.33 earnings per share. The firm's revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the sale, the director directly owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% 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 Dynatrace 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 completion of the sale, the executive vice president owned 1,420 shares in the company, valued at $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,602 shares of company stock worth $529,579 over the last ninety days. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DT. Oppenheimer began coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They set an "overweight" rating and a $65.00 price objective on the stock. BMO Capital Markets cut their price target on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dynatrace in a research note on Wednesday, October 8th. Finally, Citigroup cut their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $62.96.

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.

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