Dynatrace, Inc. (NYSE:DT) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 53.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,949 shares of the company's stock after selling 125,480 shares during the period. Asset Management One Co. Ltd.'s holdings in Dynatrace were worth $5,772,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock valued at $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Dynatrace by 8.7% in the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company's stock valued at $338,053,000 after acquiring an additional 583,220 shares in the last quarter. American Century Companies Inc. increased its position in Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company's stock worth $299,827,000 after buying an additional 782,588 shares during the last quarter. RGM Capital LLC grew its stake in Dynatrace by 6.2% in the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company's stock valued at $172,194,000 after buying an additional 225,000 shares during the last quarter. Finally, Eminence Capital LP acquired a new stake in Dynatrace in the 2nd quarter worth about $158,369,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company's stock, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on DT shares. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Friday. BTIG Research boosted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. BNP Paribas started coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price target for the company. Guggenheim boosted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, Wedbush initiated coverage on Dynatrace in a research report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.50.

Dynatrace Stock Performance

Shares of DT stock traded down $1.43 during mid-day trading on Friday, reaching $52.89. 5,098,765 shares of the company's stock traded hands, compared to its average volume of 2,129,751. The firm has a market capitalization of $15.76 billion, a PE ratio of 101.71, a price-to-earnings-growth ratio of 8.30 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a 50 day moving average price of $52.90 and a two-hundred day moving average price of $48.38.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm's revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.