American International Group Inc. Has $14.85 Million Stake in Dynatrace, Inc. (NYSE:DT)

American International Group Inc. trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,704 shares of the company’s stock after selling 4,507 shares during the period. American International Group Inc. owned 0.11% of Dynatrace worth $14,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DT. Bessemer Group Inc. increased its holdings in shares of Dynatrace by 3.8% in the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after purchasing an additional 226 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of Dynatrace in the first quarter valued at $9,307,000. UniSuper Management Pty Ltd increased its holdings in shares of Dynatrace by 129.4% in the first quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the company’s stock valued at $181,000 after purchasing an additional 2,200 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of Dynatrace in the first quarter valued at $3,224,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Dynatrace by 0.4% in the first quarter. Ameritas Investment Partners Inc. now owns 68,647 shares of the company’s stock valued at $3,188,000 after purchasing an additional 295 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on DT. Royal Bank of Canada decreased their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Loop Capital decreased their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Truist Financial restated a “buy” rating and issued a $60.00 price target (down from $70.00) on shares of Dynatrace in a research note on Thursday, May 16th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.56.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the transaction, the chief executive officer now directly owns 732,491 shares in the company, valued at approximately $33,994,907.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the transaction, the executive vice president now owns 237,772 shares in the company, valued at $10,514,277.84. The disclosure for this sale can be found here. Insiders sold a total of 84,274 shares of company stock valued at $3,883,271 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Dynatrace Trading Up 3.8 %

NYSE:DT traded up $1.64 on Thursday, reaching $44.50. 1,010,105 shares of the stock traded hands, compared to its average volume of 3,557,992. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 82.42, a price-to-earnings-growth ratio of 6.65 and a beta of 1.04. The company’s 50 day moving average is $45.28 and its 200-day moving average is $48.32. Dynatrace, Inc. has a 1-year low of $42.31 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $380.85 million for the quarter, compared to analyst estimates of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. On average, equities research analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Dynatrace Profile

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.