Union Bancaire Privee UBP SA Cuts Stock Position in Dynatrace, Inc. $DT

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Dynatrace, Inc. by 26.2% during the second quarter, now holding 95,014 shares valued at approximately $5.25 million.
• Several large investors increased their holdings in Dynatrace, with UBS AM growing its stake by 79.4% and Ameriprise Financial increasing theirs by 146.4% during the first quarter.
• Dynatrace recently reported strong quarterly earnings, with a 19.5% year-over-year revenue increase totaling $477.35 million and earnings per share beating estimates at $0.42.

Union Bancaire Privee UBP SA lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 26.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,014 shares of the company's stock after selling 33,706 shares during the period. Union Bancaire Privee UBP SA's holdings in Dynatrace were worth $5,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of DT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock worth $329,477,000 after acquiring an additional 3,092,576 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Dynatrace by 146.4% during the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock worth $128,638,000 after acquiring an additional 1,621,136 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Dynatrace during the first quarter worth about $53,036,000. Goldman Sachs Group Inc. grew its stake in shares of Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after acquiring an additional 1,124,207 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of Dynatrace by 53.2% during the second quarter. Congress Asset Management Co. now owns 3,118,815 shares of the company's stock worth $172,190,000 after acquiring an additional 1,082,413 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.4%

Shares of NYSE:DT opened at $49.31 on Tuesday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market capitalization of $14.87 billion, a PE ratio of 30.25, a PEG ratio of 4.35 and a beta of 0.91. The business has a 50 day moving average of $49.74 and a two-hundred day moving average of $50.26.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.15% and a net margin of 27.75%.The company had revenue of $477.35 million during the quarter, compared to the consensus estimate of $467.39 million. During the same period in the previous year, the company posted $0.33 earnings per share. Dynatrace's revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Guggenheim boosted their price target on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. KeyCorp assumed coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. BMO Capital Markets dropped their price target on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their target price on Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $62.72.

Insider Buying and Selling

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the business's 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 completion of the transaction, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,099 shares of company stock valued at $154,429 over the last three months. 0.57% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.