Avior Wealth Management LLC Raises Stake in Dynatrace, Inc. (NYSE:DT)

Avior Wealth Management LLC raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,403 shares of the company’s stock after buying an additional 356 shares during the period. Avior Wealth Management LLC’s holdings in Dynatrace were worth $460,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ardsley Advisory Partners LP purchased a new stake in shares of Dynatrace during the 3rd quarter valued at about $1,881,000. Raymond James & Associates raised its stake in shares of Dynatrace by 10.8% during the fourth quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock valued at $12,864,000 after purchasing an additional 22,903 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Dynatrace by 10.3% during the third quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after purchasing an additional 375,463 shares in the last quarter. United Asset Strategies Inc. purchased a new position in shares of Dynatrace in the fourth quarter valued at $1,556,000. Finally, Bamco Inc. NY boosted its stake in shares of Dynatrace by 24.1% in the third quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock valued at $32,447,000 after purchasing an additional 134,792 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of Dynatrace stock in a transaction on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now owns 514,106 shares of the company’s stock, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the transaction, the chief executive officer now owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock valued at $750,893,396 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Morgan Stanley initiated coverage on Dynatrace in a research note on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price target on the stock. Capital One Financial began coverage on Dynatrace in a research note on Wednesday, February 21st. They set an “overweight” rating and a $64.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Finally, Barclays reduced their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.04.

Dynatrace Stock Performance

Shares of DT opened at $46.26 on Friday. The firm has a fifty day moving average of $47.72 and a 200-day moving average of $50.84. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 70.09, a price-to-earnings-growth ratio of 3.81 and a beta of 1.07. Dynatrace, Inc. has a 1 year low of $40.43 and a 1 year high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. The firm had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. Analysts predict that Dynatrace, Inc. will post 0.62 EPS 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.