Voya Investment Management LLC Has $116.96 Million Stock Holdings in Dynatrace, Inc. $DT

Key Points

• Voya Investment Management has reduced its stake in Dynatrace, Inc. by 18.9%, now holding approximately 0.83% of the company, worth about $116.96 million.
• Several large institutional investors, including Vanguard Group and Goldman Sachs, have increased their positions in Dynatrace, highlighting significant interest in the company.
• Dynatrace reported a quarterly revenue of $477.35 million, exceeding analyst expectations, and achieved a net margin of 27.75%, showing strong financial performance despite recent share sales by insiders.

Voya Investment Management LLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 18.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,480,570 shares of the company's stock after selling 578,638 shares during the period. Voya Investment Management LLC owned 0.83% of Dynatrace worth $116,959,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 valued at $329,477,000 after purchasing an additional 3,092,576 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Dynatrace by 146.4% during the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company's stock valued at $128,638,000 after purchasing an additional 1,621,136 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after purchasing an additional 1,350,794 shares during the last quarter. Nuveen LLC acquired a new position in Dynatrace during the first quarter valued at approximately $53,036,000. Finally, Goldman Sachs Group Inc. boosted its position in Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after purchasing an additional 1,124,207 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DT. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Monday, August 4th. Royal Bank Of Canada upped their price objective on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Oppenheimer began coverage on Dynatrace in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price objective on the stock. BMO Capital Markets dropped their price objective on Dynatrace from $63.00 to $62.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Finally, KeyCorp began coverage on Dynatrace in a research note on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 price objective on the stock. One 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.72.

Insider Buying and Selling

In related news, Director Lisa M. Campbell sold 1,013 shares of the 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 $50,367.24. This represents a 50.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was 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 $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,099 shares of company stock worth $154,429 in the last three months. 0.57% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of NYSE DT traded up $0.53 during trading hours on Thursday, reaching $48.59. 989,097 shares of the stock were exchanged, compared to its average volume of 3,089,887. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 4.20 and a beta of 0.91. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock's fifty day simple moving average is $50.36 and its 200 day simple moving average is $50.44.

Dynatrace (NYSE:DT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.