Vestcor Inc Sells 9,977 Shares of Dynatrace, Inc. (NYSE:DT)

Key Points

• Vestcor Inc reduced its holdings in Dynatrace, Inc. by 13.4%, owning 64,674 shares worth approximately $3.05 million after selling 9,977 shares in the first quarter.
• Several hedge funds made significant changes in their positions with Dynatrace, including a **1,563.7% increase** in holdings by XTX Topco Ltd and a **995.2% increase** by Federated Hermes Inc.
• Analysts have varied price targets for Dynatrace, with UBS raising its target to **$55.00** while Guggenheim set a target of **$66.00** after upgrading its rating to **"buy."**

Vestcor Inc lowered its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,674 shares of the company's stock after selling 9,977 shares during the period. Vestcor Inc's holdings in Dynatrace were worth $3,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC lifted its position in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares in the last quarter. CX Institutional purchased a new position in Dynatrace in the first quarter worth approximately $40,000. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace during the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after buying an additional 256 shares during the period. Finally, Huntington National Bank boosted its holdings in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after purchasing an additional 606 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their target price on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group boosted their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Barclays increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Finally, KeyCorp began 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. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.35.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.57% of the company's stock.

Dynatrace Stock Down 4.0%

NYSE:DT traded down $2.12 during trading hours on Friday, reaching $50.49. 2,527,105 shares of the company's stock were exchanged, compared to its average volume of 2,228,002. The business's 50-day simple moving average is $54.19 and its two-hundred day simple moving average is $52.49. 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 $15.24 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

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.