Mutual of America Capital Management LLC Has $6.63 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Mutual of America Capital Management LLC lessened its position in shares of Dynatrace, Inc. (NYSE:DT) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,857 shares of the company’s stock after selling 4,148 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dynatrace were worth $6,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates raised its stake in shares of Dynatrace by 10.8% in the fourth quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock valued at $12,864,000 after acquiring an additional 22,903 shares during the last quarter. United Asset Strategies Inc. acquired a new position in shares of Dynatrace in the 4th quarter valued at approximately $1,556,000. Norden Group LLC bought a new stake in shares of Dynatrace during the first quarter worth $5,546,000. Carnegie Capital Asset Management LLC lifted its holdings in shares of Dynatrace by 13.6% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 182,645 shares of the company’s stock valued at $9,989,000 after purchasing an additional 21,880 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Dynatrace in the fourth quarter worth $45,152,000. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the transaction, the executive vice president now directly owns 253,176 shares in the company, valued at approximately $11,828,382.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DT has been the topic of several analyst reports. Truist Financial reaffirmed a “buy” rating and set a $60.00 price target (down from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Bank of America reduced their price target on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Wolfe Research started coverage on Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 target price for the company. Piper Sandler initiated coverage on shares of Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, Guggenheim restated a “buy” rating and set a $60.00 price target on shares of Dynatrace in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.96.

Dynatrace Stock Up 1.4 %

Dynatrace stock traded up $0.61 during midday trading on Monday, reaching $45.30. The stock had a trading volume of 1,853,526 shares, compared to its average volume of 3,704,344. The firm’s 50-day moving average price is $45.90 and its 200 day moving average price is $49.16. The firm has a market capitalization of $13.47 billion, a PE ratio of 87.12, a P/E/G ratio of 6.74 and a beta of 1.04. Dynatrace, Inc. has a 12 month low of $42.94 and a 12 month high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. Equities research analysts expect that Dynatrace, Inc. will post 0.71 EPS 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.