Dynatrace, Inc. (NYSE:DT) Shares Sold by Lincoln National Corp

Posted by Defense World Staff on Jul 28th, 2023

Lincoln National Corp lessened its stake in Dynatrace, Inc. (NYSE:DT – Free Report) by 21.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,752 shares of the company’s stock after selling 1,305 shares during the period. Lincoln National Corp’s holdings in Dynatrace were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Dynatrace by 62.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company’s stock worth $363,000 after acquiring an additional 2,966 shares in the last quarter. HighTower Advisors LLC boosted its position in Dynatrace by 42.6% in the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock valued at $250,000 after buying an additional 1,598 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Dynatrace by 61.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company’s stock valued at $378,000 after buying an additional 3,039 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Dynatrace in the first quarter worth about $582,000. Finally, Raymond James Trust N.A. grew its stake in Dynatrace by 39.5% in the first quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock worth $307,000 after purchasing an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DT. Barclays lifted their price target on Dynatrace from $48.00 to $55.00 in a report on Wednesday, July 19th. DA Davidson initiated coverage on shares of Dynatrace in a research report on Monday, June 5th. They set a “neutral” rating and a $50.00 price objective for the company. 58.com reissued a “reiterates” rating on shares of Dynatrace in a research note on Thursday, May 18th. BTIG Research raised shares of Dynatrace from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, May 18th. Finally, JMP Securities increased their price objective on shares of Dynatrace from $50.00 to $56.00 and gave the company a “market outperform” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.27.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CAO Alicia Allen sold 1,500 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $51.83, for a total transaction of $77,745.00. Following the completion of the sale, the chief accounting officer now directly owns 94,180 shares of the company’s stock, valued at approximately $4,881,349.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Matthias Dollentz-Scharer sold 77,720 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $51.26, for a total transaction of $3,983,927.20. Following the completion of the transaction, the insider now directly owns 84,666 shares in the company, valued at approximately $4,339,979.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Alicia Allen sold 1,500 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $51.83, for a total value of $77,745.00. Following the completion of the sale, the chief accounting officer now owns 94,180 shares of the company’s stock, valued at $4,881,349.40. The disclosure for this sale can be found here. Insiders sold a total of 18,207,407 shares of company stock valued at $943,913,963 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

NYSE:DT opened at $54.20 on Friday. The company has a market capitalization of $15.89 billion, a PE ratio of 146.49, a P/E/G ratio of 13.77 and a beta of 1.07. The firm’s 50-day moving average price is $51.61 and its 200-day moving average price is $45.06. Dynatrace, Inc. has a 1-year low of $31.54 and a 1-year high of $55.87.

Dynatrace (NYSE:DT – Get Free Report) last released its earnings results on Wednesday, May 17th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.11. Dynatrace had a net margin of 9.32% and a return on equity of 10.81%. The company had revenue of $314.48 million during the quarter, compared to analyst estimates of $303.51 million. Equities analysts anticipate that Dynatrace, Inc. will post 0.43 EPS for the current fiscal year.

Dynatrace Company Profile

(Free Report)

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.