DnB Asset Management AS Sells 700 Shares of Dynatrace, Inc. (NYSE:DT)

Posted by Defense World Staff on Sep 20th, 2023

DnB Asset Management AS decreased its holdings in Dynatrace, Inc. (NYSE:DT – Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,497 shares of the company’s stock after selling 700 shares during the quarter. DnB Asset Management AS’s holdings in Dynatrace were worth $2,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DT. Quarry LP purchased a new position in shares of Dynatrace in the first quarter worth $26,000. Advisory Services Network LLC increased its holdings in shares of Dynatrace by 50.9% during the first quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Dynatrace by 93.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 874 shares of the company’s stock valued at $37,000 after acquiring an additional 423 shares in the last quarter. KB Financial Partners LLC acquired a new position in Dynatrace in the 1st quarter worth approximately $40,000. Finally, Lazard Asset Management LLC grew its stake in shares of Dynatrace by 14,475.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,749 shares of the company’s stock worth $66,000 after purchasing an additional 1,737 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. TD Cowen assumed coverage on Dynatrace in a research report on Friday, August 18th. They set an “outperform” rating and a $57.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research report on Monday. Wedbush reiterated a “neutral” rating and issued a $38.00 price objective on shares of Dynatrace in a research note on Thursday, August 3rd. Robert W. Baird boosted their target price on Dynatrace from $53.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, Barclays decreased their price objective on Dynatrace from $55.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.61.

Get Our Latest Report on Dynatrace

Insider Buying and Selling at Dynatrace

In other Dynatrace news, insider Matthias Dollentz-Scharer sold 739 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $45.36, for a total value of $33,521.04. Following the transaction, the insider now owns 80,950 shares in the company, valued at $3,671,892. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Matthias Dollentz-Scharer sold 739 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $45.36, for a total transaction of $33,521.04. Following the completion of the sale, the insider now owns 80,950 shares in the company, valued at approximately $3,671,892. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Alicia Allen sold 1,500 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $54.96, for a total value of $82,440.00. Following the sale, the chief accounting officer now owns 92,680 shares of the company’s stock, valued at approximately $5,093,692.80. The disclosure for this sale can be found here. Insiders have sold 37,393 shares of company stock worth $1,750,385 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

Shares of NYSE DT opened at $47.41 on Wednesday. The business’s 50-day moving average price is $49.16 and its two-hundred day moving average price is $46.94. Dynatrace, Inc. has a one year low of $31.54 and a one year high of $55.87. The company has a market capitalization of $13.90 billion, a P/E ratio of 96.76, a price-to-earnings-growth ratio of 7.81 and a beta of 1.09.

Dynatrace (NYSE:DT – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Dynatrace had a return on equity of 11.81% and a net margin of 11.77%. The firm had revenue of $332.89 million for the quarter, compared to the consensus estimate of $326.89 million. On average, equities analysts anticipate that Dynatrace, Inc. will post 0.61 EPS for the current year.

About Dynatrace

(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.