Sora Investors LLC Decreases Stake in Dynatrace, Inc. (NYSE:DT)

Sora Investors LLC decreased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,147 shares of the company's stock after selling 101,284 shares during the quarter. Sora Investors LLC's holdings in Dynatrace were worth $3,106,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the fourth quarter valued at $38,000. Coppell Advisory Solutions LLC increased its holdings in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Down 0.2%

NYSE:DT traded down $0.13 during mid-day trading on Monday, hitting $53.24. 2,334,801 shares of the company traded hands, compared to its average volume of 3,125,026. The stock's fifty day moving average price is $46.98 and its 200-day moving average price is $52.60. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The business had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Dynatrace's revenue for the quarter was up 16.9% on a year-over-year basis. Equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on DT shares. Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Royal Bank of Canada lifted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday. Finally, Bank of America lifted their target price on Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average target price of $61.43.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. This represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.59% of the company's stock.

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.