Truist Financial Corp Trims Stock Holdings in Dynatrace, Inc. $DT

Key Points

• Truist Financial Corp decreased its stake in Dynatrace, Inc. by 22.2%, holding 22,224 shares valued at approximately $1,227,000 after selling 6,343 shares in the second quarter.
• Insider transactions included Director Lisa M. Campbell selling 1,013 shares and CAO Daniel S. Yates selling 2,000 shares, reflecting notable decreases in ownership of 50.02% and 8.14% respectively.
• Analysts have varying ratings on Dynatrace, with a consensus rating of "Moderate Buy" and an average price target of $62.96.

Truist Financial Corp lowered its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 22.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,224 shares of the company's stock after selling 6,343 shares during the period. Truist Financial Corp's holdings in Dynatrace were worth $1,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DT. CX Institutional bought a new position in shares of Dynatrace during the first quarter worth about $40,000. Brooklyn Investment Group lifted its position in shares of Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after purchasing an additional 800 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Dynatrace during the first quarter worth about $45,000. S.A. Mason LLC bought a new position in shares of Dynatrace during the first quarter worth about $58,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock worth $76,000 after purchasing an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

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 stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director owned 1,012 shares of the company's stock, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,602 shares of company stock valued at $529,579. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DT. Oppenheimer began coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 price target on the stock. Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. BMO Capital Markets dropped their price objective 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 reiterated a "hold (c+)" rating on shares of Dynatrace in a research note on Wednesday, October 8th. Finally, Citigroup dropped their price objective 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 issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $62.96.

Dynatrace Trading Down 2.0%

DT opened at $47.93 on Monday. The business's 50 day moving average is $48.89 and its 200-day moving average is $50.18. The stock has a market cap of $14.45 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 4.23 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

About Dynatrace

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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