Teza Capital Management LLC Sells 42,660 Shares of Dynatrace, Inc. (NYSE:DT)

Teza Capital Management LLC cut its position in Dynatrace, Inc. (NYSE:DT) by 72.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,230 shares of the company’s stock after selling 42,660 shares during the quarter. Teza Capital Management LLC’s holdings in Dynatrace were worth $882,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after purchasing an additional 484,877 shares during the period. Janus Henderson Group PLC lifted its position in shares of Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock valued at $508,811,000 after acquiring an additional 493,987 shares during the period. American Century Companies Inc. lifted its position in shares of Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after acquiring an additional 700,332 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock valued at $381,860,000 after acquiring an additional 834,225 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company’s stock valued at $282,985,000 after acquiring an additional 87,857 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $53.35 on Monday. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The stock’s 50-day moving average is $46.98 and its 200 day moving average is $52.60. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the prior year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

DT has been the subject of a number of recent analyst reports. Morgan Stanley cut their target price on Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada boosted their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group boosted their price target on Dynatrace from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group boosted their price target on Dynatrace from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group lowered their price target on Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.22.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.