Ion Asset Management Ltd. Sells 5,000 Shares of Dynatrace, Inc. $DT

Ion Asset Management Ltd. lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260,000 shares of the company’s stock after selling 5,000 shares during the period. Dynatrace accounts for about 0.8% of Ion Asset Management Ltd.’s portfolio, making the stock its 16th largest position. Ion Asset Management Ltd. owned approximately 0.09% of Dynatrace worth $12,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Dynatrace by 0.5% in the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company’s stock valued at $1,429,527,000 after acquiring an additional 157,523 shares during the period. Janus Henderson Group PLC raised its holdings in Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock worth $508,811,000 after buying an additional 493,987 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock valued at $413,445,000 after buying an additional 1,124,207 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 3.1% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company’s stock valued at $367,833,000 after buying an additional 230,967 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company’s stock worth $211,707,000 after acquiring an additional 1,350,794 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price target on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Dynatrace in a research report on Wednesday, May 14th. KeyCorp started coverage on Dynatrace in a research report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price target for the company. Wedbush restated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, May 16th. Finally, Wall Street Zen lowered shares of Dynatrace from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $62.72.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the transaction, the executive vice president directly owned 17,242 shares of the company’s stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $49.83 on Friday. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The company has a market capitalization of $15.02 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 4.42 and a beta of 0.91. The business has a fifty day moving average price of $51.57 and a two-hundred day moving average price of $51.10.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Dynatrace 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.