William Blair Investment Management LLC Reduces Position in Dynatrace, Inc. $DT

Key Points

• William Blair Investment Management LLC reduced its stake in Dynatrace, Inc. by 17.8%, resulting in ownership of approximately 4.16 million shares, valued at $229.86 million.
• Several large investors, including Nordea Investment Management AB and Allianz Asset Management GmbH, have recently increased their holdings in Dynatrace, with Allianz boosting its position by 97.5%.
• Dynatrace reported a profit per share of $0.42 for the last quarter, surpassing analyst expectations and demonstrating a revenue increase of 19.5% year-over-year.

William Blair Investment Management LLC trimmed its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,163,361 shares of the company's stock after selling 898,714 shares during the period. William Blair Investment Management LLC owned about 1.38% of Dynatrace worth $229,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its position in Dynatrace by 3.0% in the 2nd quarter. Nordea Investment Management AB now owns 22,785 shares of the company's stock valued at $1,252,000 after buying an additional 669 shares during the period. WCM Investment Management LLC boosted its position in Dynatrace by 14.8% in the 2nd quarter. WCM Investment Management LLC now owns 48,986 shares of the company's stock valued at $2,689,000 after buying an additional 6,309 shares during the period. Allianz Asset Management GmbH boosted its position in Dynatrace by 97.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,974,808 shares of the company's stock valued at $109,029,000 after buying an additional 975,042 shares during the period. Bridges Investment Management Inc. boosted its position in Dynatrace by 13.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 28,193 shares of the company's stock valued at $1,557,000 after buying an additional 3,320 shares during the period. Finally, New York State Teachers Retirement System boosted its position in Dynatrace by 2.7% in the 2nd quarter. New York State Teachers Retirement System now owns 182,850 shares of the company's stock valued at $10,095,000 after buying an additional 4,800 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of several recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Monday, August 4th. Oppenheimer initiated coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price target for the company. Citigroup reduced their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada boosted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.96.

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 shares were 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 approximately $50,367.24. The trade was a 50.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 10,602 shares of company stock worth $529,579 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Dynatrace Stock Up 1.7%

NYSE DT opened at $48.19 on Friday. The firm has a market cap of $14.53 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 4.18 and a beta of 0.88. The company has a 50 day moving average price of $48.78 and a 200 day moving average price of $50.15. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. On average, equities research analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share 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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