Dynatrace, Inc. (NYSE:DT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 11.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,471,967 shares of the company’s stock after selling 2,449,634 shares during the quarter. Price T Rowe Associates Inc. MD owned 6.61% of Dynatrace worth $904,279,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates grew its holdings in Dynatrace by 10.8% during the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after acquiring an additional 22,903 shares in the last quarter. Vanguard Group Inc. raised its stake in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after acquiring an additional 1,680,971 shares in the last quarter. United Asset Strategies Inc. acquired a new position in Dynatrace in the fourth quarter valued at $1,556,000. US Bancorp DE increased its position in shares of Dynatrace by 89.7% during the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after purchasing an additional 22,928 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in shares of Dynatrace in the 1st quarter valued at about $5,546,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Up 1.3 %

Shares of Dynatrace stock traded up $0.57 on Friday, hitting $44.30. The company’s stock had a trading volume of 2,049,756 shares, compared to its average volume of 2,198,865. The company has a market capitalization of $13.21 billion, a P/E ratio of 85.19, a price-to-earnings-growth ratio of 6.68 and a beta of 1.04. Dynatrace, Inc. has a 52-week low of $42.31 and a 52-week high of $61.41. The firm has a fifty day moving average price of $45.11 and a 200-day moving average price of $48.19.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DT. Guggenheim decreased their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Bank of America lowered their price objective on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Truist Financial reaffirmed a “buy” rating and issued a $60.00 target price (down from $70.00) on shares of Dynatrace in a report on Thursday, May 16th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Tuesday, June 18th. Finally, Wells Fargo & Company reduced their price objective on Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.56.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares in the company, valued at $33,994,907.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of Dynatrace 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 sale, the executive vice president now 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 can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated 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 owns 732,491 shares in the company, valued at $33,994,907.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,274 shares of company stock worth $3,883,271. 0.54% of the stock is owned by corporate insiders.

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.