Park Place Capital Corp Sells 621 Shares of Dynatrace, Inc. (NYSE:DT)

Park Place Capital Corp decreased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 39.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 950 shares of the company’s stock after selling 621 shares during the quarter. Park Place Capital Corp’s holdings in Dynatrace were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after buying an additional 230 shares during the period. DSM Capital Partners LLC purchased a new position in Dynatrace in the 4th quarter worth about $28,000. Rise Advisors LLC purchased a new position in Dynatrace in the 1st quarter worth about $30,000. NewSquare Capital LLC purchased a new position in Dynatrace in the 4th quarter worth about $32,000. Finally, Lindbrook Capital LLC increased its stake in Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DT. Wedbush restated a “neutral” rating and issued a $55.00 price target on shares of Dynatrace in a report on Thursday, May 16th. Royal Bank of Canada lowered their target price on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. BMO Capital Markets lowered their target price on shares of Dynatrace from $54.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 19th. Guggenheim lowered their target price on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.61.

Insider Activity

In other news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the transaction, the executive vice president now owns 253,176 shares in the company, valued at $11,828,382.72. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Dan Zugelder sold 18,870 shares of Dynatrace 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 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 the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value 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. Insiders sold a total of 84,274 shares of company stock worth $3,883,271 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

Shares of DT stock traded down $1.15 during trading hours on Friday, hitting $41.29. The stock had a trading volume of 4,088,736 shares, compared to its average volume of 2,201,543. The firm has a market capitalization of $12.31 billion, a PE ratio of 79.40, a PEG ratio of 6.40 and a beta of 1.04. Dynatrace, Inc. has a twelve month low of $40.52 and a twelve month high of $61.41. The stock’s 50 day moving average is $44.67 and its 200 day moving average is $47.69.

Dynatrace (NYSE:DT) last issued 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 return on equity of 9.89% and a net margin of 10.81%. The company had revenue of $380.85 million for the quarter, compared to analyst estimates of $375.20 million. As a group, equities analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Dynatrace 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.