First Hawaiian Bank Boosts Stock Holdings in Dynatrace, Inc. (NYSE:DT)

First Hawaiian Bank increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 6.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,000 shares of the company’s stock after purchasing an additional 1,800 shares during the period. First Hawaiian Bank’s holdings in Dynatrace were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DT. Jericho Capital Asset Management L.P. purchased a new stake in Dynatrace during the first quarter valued at approximately $133,701,000. Norges Bank purchased a new stake in Dynatrace in the fourth quarter valued at about $148,515,000. Vanguard Group Inc. boosted its holdings in Dynatrace by 9.8% in the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock worth $1,436,393,000 after acquiring an additional 2,348,246 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Dynatrace by 670.2% during the first quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock valued at $84,332,000 after acquiring an additional 1,580,162 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Dynatrace by 104.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after purchasing an additional 956,000 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, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total transaction of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the 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 sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was 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 approximately $11,828,382.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,274 shares of company stock worth $3,883,271. 0.54% of the stock is owned by corporate insiders.

Dynatrace Stock Up 0.1 %

Shares of NYSE DT traded up $0.05 during trading on Tuesday, hitting $41.13. The company had a trading volume of 2,926,577 shares, compared to its average volume of 3,533,656. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 79.31, a price-to-earnings-growth ratio of 6.40 and a beta of 1.04. The stock has a fifty day simple moving average of $44.55 and a two-hundred day simple moving average of $47.58. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

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

Analyst Upgrades and Downgrades

DT has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday. Truist Financial reissued 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. Royal Bank of Canada dropped 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. TD Cowen reduced their target price on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average target price of $60.17.

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.