Twin Tree Management LP Has $29,000 Position in Dynatrace, Inc. $DT

Key Points

• Twin Tree Management LP significantly reduced its stake in Dynatrace, Inc. by 98.9% in the 1st quarter, leaving them with 619 shares worth approximately $29,000.
• Multiple institutional investors, including Keybank and Bridges Investment Management, have increased their positions in Dynatrace during the same period, with 94.28% of shares currently owned by institutional investors.
• Dynatrace reported a quarterly earnings per share (EPS) of $0.42, exceeding analysts' expectations of $0.38, along with a revenue increase of 19.5% year-over-year.

Twin Tree Management LP reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 98.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 619 shares of the company's stock after selling 57,965 shares during the period. Twin Tree Management LP's holdings in Dynatrace were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DT. Keybank National Association OH increased its position in shares of Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after purchasing an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Dynatrace during the 1st quarter worth about $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Dynatrace during the 1st quarter worth about $3,846,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The shares were 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 owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

Shares of NYSE:DT opened at $50.59 on Tuesday. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company has a 50 day moving average of $51.87 and a 200-day moving average of $51.19. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 4.45 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $467.39 million. During the same quarter in the previous year, the company earned $0.33 EPS. Dynatrace's revenue was up 19.5% on a year-over-year basis. Equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Monday, August 4th. BMO Capital Markets dropped their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Citigroup dropped their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Bank of America raised their price objective on shares of Dynatrace from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.72.

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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