State of Wyoming Lowers Stock Position in Dynatrace, Inc. $DT

Key Points

• The State of Wyoming reduced its holdings in Dynatrace, Inc. by 73.7% in the first quarter, leaving it with 2,342 shares valued at approximately $110,000.
• Several institutional investors increased their stakes in Dynatrace, with Brooklyn Investment Group boosting its holdings by 761.9% to own 905 shares.
• Dynatrace reported a quarterly earnings beat with an EPS of $0.42, exceeding estimates, and had a revenue increase of 19.5% year-over-year.

State of Wyoming lessened its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 73.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,342 shares of the company's stock after selling 6,559 shares during the quarter. State of Wyoming's holdings in Dynatrace were worth $110,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Captrust Financial Advisors boosted its stake in Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after buying an additional 177 shares during the period. Arkadios Wealth Advisors boosted its stake in Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after buying an additional 253 shares during the period. MassMutual Private Wealth & Trust FSB lifted 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 acquiring an additional 256 shares in the last quarter. Illumine Investment Management LLC lifted its stake in Dynatrace by 0.8% during the 1st quarter. Illumine Investment Management LLC now owns 33,613 shares of the company's stock worth $1,585,000 after acquiring an additional 278 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in Dynatrace by 1.2% during the 1st quarter. Y.D. More Investments Ltd now owns 24,924 shares of the company's stock worth $1,175,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DT. UBS Group increased their target price on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Barclays increased their target price on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Citigroup decreased their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Wedbush reissued an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, May 16th. Finally, DA Davidson increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.72.

Insider Activity

In other news, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares of the company's stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 in the last three months. Corporate insiders own 0.57% of the company's stock.

Dynatrace Trading Up 0.1%

NYSE:DT traded up $0.04 during mid-day trading on Friday, hitting $49.12. The stock had a trading volume of 2,436,177 shares, compared to its average volume of 3,165,837. The stock has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $50.64. The company has a market capitalization of $14.81 billion, a PE ratio of 30.14, a PEG ratio of 4.32 and a beta of 0.91. 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 earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Sell-side analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal 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.