Dynatrace, Inc. (NYSE:DT) Shares Sold by Malaga Cove Capital LLC

Malaga Cove Capital LLC reduced its position in Dynatrace, Inc. (NYSE:DT) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,955 shares of the company’s stock after selling 326 shares during the period. Malaga Cove Capital LLC’s holdings in Dynatrace were worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Lindbrook Capital LLC increased its position in shares of Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Dynatrace by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after buying an additional 240 shares during the last quarter. Shell Asset Management Co. raised its stake in Dynatrace by 1.7% during the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after buying an additional 263 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Dynatrace by 3.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company’s stock worth $420,000 after buying an additional 265 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in shares of Dynatrace by 2.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,056 shares of the company’s stock worth $517,000 after acquiring an additional 303 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the transaction, the insider now directly owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the sale, the senior vice president now owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DT shares. Rosenblatt Securities upped their price target on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Dynatrace in a research report on Friday, February 9th. Barclays lowered their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. Wolfe Research began coverage on shares of Dynatrace in a report on Monday, March 18th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, Citigroup increased their price target on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Trading Down 0.1 %

DT stock traded down $0.05 during mid-day trading on Friday, reaching $45.79. 8,769,237 shares of the stock traded hands, compared to its average volume of 3,126,549. The stock’s fifty day moving average is $46.56 and its 200-day moving average is $50.72. The company has a market cap of $13.48 billion, a P/E ratio of 69.38, a P/E/G ratio of 3.95 and a beta of 1.06. Dynatrace, Inc. has a 52-week low of $42.50 and a 52-week high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. Equities research analysts expect that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.