Victory Capital Management Inc. Decreases Holdings in Dynatrace, Inc. (NYSE:DT)

Victory Capital Management Inc. lowered its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 311,289 shares of the company's stock after selling 22,419 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Dynatrace worth $14,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its position in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares in the last quarter. CX Institutional purchased a new position in shares of Dynatrace in the first quarter valued at approximately $40,000. Huntington National Bank lifted its position in shares of 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 acquiring an additional 606 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Dynatrace in the first quarter valued at approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DT. Guggenheim upgraded Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 target price on the stock in a research report on Wednesday. Loop Capital cut their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. UBS Group increased their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. BMO Capital Markets increased their price target on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.35.

Dynatrace Trading Down 0.1%

NYSE:DT traded down $0.04 during midday trading on Friday, reaching $54.18. The company had a trading volume of 2,000,925 shares, compared to its average volume of 2,311,227. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 4.73 and a beta of 0.91. The stock's fifty day simple moving average is $54.21 and its 200-day simple moving average is $52.42. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released 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 firm had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. Dynatrace's revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was 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 directly owned 17,242 shares of the company's stock, 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 at this link. 0.57% of the stock is owned by company insiders.

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.