Sciencast Management LP Acquires Shares of 14,673 Dynatrace (NYSE:DT)

Sciencast Management LP acquired a new stake in shares of Dynatrace (NYSE:DT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,673 shares of the company’s stock, valued at approximately $588,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in Dynatrace during the fourth quarter valued at $2,530,000. Citigroup Inc. increased its position in Dynatrace by 5.4% during the first quarter. Citigroup Inc. now owns 16,676 shares of the company’s stock worth $398,000 after purchasing an additional 852 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Dynatrace during the second quarter worth about $43,000. American International Group Inc. increased its position in Dynatrace by 249.6% during the first quarter. American International Group Inc. now owns 2,797 shares of the company’s stock worth $67,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Dynatrace during the second quarter worth about $122,000. 91.20% of the stock is currently owned by institutional investors and hedge funds.

NYSE DT opened at $41.83 on Friday. The firm has a 50 day simple moving average of $41.34 and a 200-day simple moving average of $32.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.96 and a current ratio of 0.96. Dynatrace has a one year low of $17.05 and a one year high of $44.65. The firm has a market cap of $11.91 billion and a price-to-earnings ratio of -30.76.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Dynatrace had a negative net margin of 61.51% and a negative return on equity of 8.18%. The company had revenue of $155.51 million during the quarter, compared to the consensus estimate of $149.63 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. Equities analysts predict that Dynatrace will post 0.2 EPS for the current fiscal year.

In related news, Director Paul Andrew Zuber sold 7,400 shares of Dynatrace stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $33.07, for a total value of $244,718.00. Following the completion of the transaction, the director now owns 84,198 shares in the company, valued at $2,784,427.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Siclen John Van sold 55,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $41.34, for a total transaction of $2,273,700.00. Following the completion of the transaction, the chief executive officer now owns 1,414,360 shares of the company’s stock, valued at approximately $58,469,642.40. The disclosure for this sale can be found here. Insiders sold 30,509,874 shares of company stock valued at $1,047,682,132 in the last quarter. 1.50% of the stock is owned by insiders.

Several equities research analysts recently issued reports on DT shares. Jefferies Financial Group raised their price objective on shares of Dynatrace from $35.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. DA Davidson increased their target price on shares of Dynatrace from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Royal Bank of Canada increased their target price on shares of Dynatrace from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James increased their target price on shares of Dynatrace from $27.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Rosenblatt Securities increased their target price on shares of Dynatrace from $32.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Dynatrace currently has an average rating of “Buy” and an average price target of $39.76.

About Dynatrace

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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