Bank Julius Baer & Co. Ltd Zurich reduced its stake in Dynatrace, Inc. (NYSE:DT) by 86.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,433 shares of the company’s stock after selling 8,964 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Dynatrace were worth $62,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in Dynatrace by 189.7% in the third quarter. Public Employees Retirement System of Ohio now owns 164,209 shares of the company’s stock valued at $6,736,000 after purchasing an additional 107,535 shares in the last quarter. Rhumbline Advisers raised its stake in Dynatrace by 2.1% in the fourth quarter. Rhumbline Advisers now owns 193,320 shares of the company’s stock valued at $8,365,000 after purchasing an additional 4,039 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Dynatrace by 8.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 216,137 shares of the company’s stock valued at $9,352,000 after purchasing an additional 16,782 shares in the last quarter. Gratus Capital LLC raised its stake in shares of Dynatrace by 6.5% during the fourth quarter. Gratus Capital LLC now owns 156,149 shares of the company’s stock worth $6,757,000 after acquiring an additional 9,469 shares in the last quarter. Finally, Huntington National Bank purchased a new position in shares of Dynatrace during the fourth quarter worth approximately $41,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director James K. Lines sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $53.48, for a total transaction of $534,800.00. Following the sale, the director now directly owns 137,963 shares of the company’s stock, valued at approximately $7,378,261.24. 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 the company’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $43.01, for a total value of $2,365,550.00. Following the sale, the chief executive officer now directly owns 878,595 shares in the company, valued at $37,788,370.95. The disclosure for this sale can be found here. Insiders sold a total of 240,900 shares of company stock valued at $11,789,422 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
DT has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $66.00 target price on shares of Dynatrace in a report on Monday, March 15th. Loop Capital lifted their price target on shares of Dynatrace from $40.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 4th. They noted that the move was a valuation call. Raymond James lifted their price target on shares of Dynatrace from $45.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. JMP Securities lifted their price target on shares of Dynatrace from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dynatrace from $50.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, February 4th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $56.29.
Shares of NYSE:DT opened at $49.85 on Thursday. The stock has a 50 day moving average of $50.64 and a 200 day moving average of $44.00. The company has a market cap of $14.09 billion, a PE ratio of 178.04, a price-to-earnings-growth ratio of 3.83 and a beta of 1.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Dynatrace, Inc. has a 12-month low of $22.46 and a 12-month high of $56.94.
Dynatrace (NYSE:DT) last announced its quarterly earnings data on Tuesday, February 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Dynatrace had a return on equity of 10.69% and a net margin of 12.75%. The company had revenue of $182.90 million during the quarter, compared to the consensus estimate of $172.36 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 27.6% on a year-over-year basis. Equities research analysts predict that Dynatrace, Inc. will post 0.36 earnings per share for the current fiscal year.
Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It operates Dynatrace, a platform for running and optimizing multi-cloud environments. Its products include AppMon that works in various application environments, such as mobile apps, web apps, web browsers, web servers, Java, .NET, Node.js, PHP, databases, middleware, and mainframe; and Classic Real User Monitoring, which tracks user's experience from an edge devices comprising smart phones, tablets, PCs, or kiosk through cloud services, as well as customer's web tiers.
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