Truvestments Capital LLC Has $119,000 Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Truvestments Capital LLC cut its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,554 shares of the company’s stock after selling 404 shares during the period. Truvestments Capital LLC’s holdings in Dynatrace were worth $119,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Norges Bank acquired a new position in shares of Dynatrace during the 4th quarter valued at $148,515,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Dynatrace by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,315,039 shares of the company’s stock valued at $126,609,000 after acquiring an additional 38,454 shares during the period. Westfield Capital Management Co. LP lifted its position in shares of Dynatrace by 10.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,947,452 shares of the company’s stock valued at $106,506,000 after acquiring an additional 187,311 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Dynatrace by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,892,822 shares of the company’s stock valued at $103,518,000 after acquiring an additional 682,200 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Performance

DT stock traded up $0.57 on Friday, reaching $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 business has a fifty day simple moving average of $45.11 and a two-hundred day simple moving average of $48.19. Dynatrace, Inc. has a 12-month low of $42.31 and a 12-month high of $61.41. The firm has a market cap of $13.21 billion, a PE ratio of 85.19, a PEG ratio of 6.68 and a beta of 1.04.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 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%. As a group, research analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In related 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 directly owns 253,176 shares in the company, valued at approximately $11,828,382.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dan Zugelder sold 18,870 shares of Dynatrace stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the transaction, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock worth $3,883,271 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research reports. TD Cowen dropped their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Wedbush restated a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, May 16th. JPMorgan Chase & Co. decreased their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, June 18th. Finally, Wells Fargo & Company decreased their price target on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $60.56.

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.