American International Group Inc. Trims Stock Position in Dynatrace, Inc. (NYSE:DT)

American International Group Inc. cut its holdings in Dynatrace, Inc. (NYSE:DTFree Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 324,211 shares of the company’s stock after selling 12,669 shares during the period. American International Group Inc. owned 0.11% of Dynatrace worth $17,731,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. J.P. Morgan Private Wealth Advisors LLC increased its position in shares of Dynatrace by 127.0% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 9,058 shares of the company’s stock valued at $423,000 after acquiring an additional 5,068 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Dynatrace by 92.1% during the third quarter. Janney Montgomery Scott LLC now owns 39,606 shares of the company’s stock worth $1,851,000 after purchasing an additional 18,991 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of Dynatrace during the third quarter worth $213,000. HighTower Advisors LLC grew its stake in shares of Dynatrace by 7.7% in the third quarter. HighTower Advisors LLC now owns 12,187 shares of the company’s stock valued at $569,000 after buying an additional 868 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Dynatrace by 16.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 139,727 shares of the company’s stock valued at $6,529,000 after buying an additional 19,236 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Trading Down 1.4 %

Shares of Dynatrace stock traded down $0.66 on Friday, hitting $45.91. The stock had a trading volume of 1,960,535 shares, compared to its average volume of 3,845,748. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 88.29, a P/E/G ratio of 7.03 and a beta of 1.05. Dynatrace, Inc. has a 52-week low of $43.29 and a 52-week high of $61.41. The company’s 50 day moving average price is $46.50 and its 200 day moving average price is $50.34.

Dynatrace (NYSE:DTGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. Analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total transaction of $881,606.40. Following the transaction, 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 filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on DT shares. BMO Capital Markets dropped their target price on Dynatrace from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Wells Fargo & Company reduced their target price on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. dropped their price target on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Barclays cut their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Finally, Loop Capital lowered their target price on Dynatrace from $56.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $61.54.

Read Our Latest Report on DT

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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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