Mirae Asset Global Investments Co. Ltd. Has $83.36 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,794,922 shares of the company’s stock after selling 520,117 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.61% of Dynatrace worth $83,356,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its holdings in Dynatrace by 6.7% in the third quarter. LPL Financial LLC now owns 102,988 shares of the company’s stock valued at $4,818,000 after purchasing an additional 6,438 shares during the period. Mariner LLC increased its holdings in Dynatrace by 9.3% in the third quarter. Mariner LLC now owns 12,591 shares of the company’s stock valued at $588,000 after purchasing an additional 1,076 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Dynatrace in the third quarter valued at $227,000. Qube Research & Technologies Ltd acquired a new stake in Dynatrace in the third quarter valued at $4,182,000. Finally, Gotham Asset Management LLC increased its holdings in Dynatrace by 13.1% in the third quarter. Gotham Asset Management LLC now owns 38,453 shares of the company’s stock valued at $1,797,000 after purchasing an additional 4,463 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.4 %

NYSE DT traded down $0.19 during trading hours on Friday, hitting $44.69. The company’s stock had a trading volume of 1,598,946 shares, compared to its average volume of 3,810,564. Dynatrace, Inc. has a 52 week low of $42.94 and a 52 week high of $61.41. The company has a market capitalization of $13.29 billion, a PE ratio of 85.96, a price-to-earnings-growth ratio of 6.77 and a beta of 1.04. The company’s 50-day simple moving average is $45.93 and its two-hundred day simple moving average is $49.30.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The business had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. Research analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares in the company, valued at approximately $33,994,907.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares in the company, valued at approximately $11,828,382.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DT. Barclays decreased their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, March 20th. Wedbush reiterated a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a report on Thursday, May 16th. Bank of America decreased their price target on Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, May 16th. TD Cowen decreased their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, Wells Fargo & Company decreased their price target on Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.96.

Dynatrace Company Profile

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.