Voya Investment Management LLC Has $116.96 Million 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 Dynatrace, Inc. (NYSE:DT - Free Report) by 18.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,480,570 shares of the company's stock after selling 578,638 shares during the period. Voya Investment Management LLC owned approximately 0.83% of Dynatrace worth $116,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Dynatrace by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock worth $1,429,527,000 after buying an additional 157,523 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after buying an additional 1,124,207 shares in the last quarter. American Century Companies Inc. lifted its position in Dynatrace by 3.1% during the 1st quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock worth $367,833,000 after buying an additional 230,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Dynatrace by 79.4% during the 1st 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 buying an additional 3,092,576 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dynatrace by 53.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after buying an additional 1,350,794 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director directly owned 1,012 shares of the company's stock, valued at $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,099 shares of company stock worth $154,429. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on DT. Wall Street Zen raised shares of Dynatrace from a "hold" rating to a "buy" rating in a research report on Saturday. KeyCorp initiated coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target on the stock. Royal Bank Of Canada upped their target price on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. Finally, Oppenheimer initiated coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.72.

Dynatrace Stock Performance

Shares of DT stock opened at $49.12 on Friday. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 4.32 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 firm's 50-day moving average is $50.85 and its 200-day moving average is $50.64.

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

About Dynatrace

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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