Dynatrace, Inc. $DT Position Reduced by Truist Financial Corp

Truist Financial Corp decreased its position in shares of Dynatrace, Inc. (NYSE:DT) by 22.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 22,224 shares of the company’s stock after selling 6,343 shares during the quarter. Truist Financial Corp’s holdings in Dynatrace were worth $1,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DT. GAMMA Investing LLC raised its holdings in Dynatrace by 16.7% during the first quarter. GAMMA Investing LLC now owns 4,246 shares of the company’s stock worth $200,000 after purchasing an additional 609 shares in the last quarter. SG Americas Securities LLC grew its position in Dynatrace by 183.8% in the first quarter. SG Americas Securities LLC now owns 6,504 shares of the company’s stock worth $307,000 after buying an additional 4,212 shares during the last quarter. CX Institutional acquired a new position in Dynatrace in the first quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new position in Dynatrace in the first quarter worth approximately $236,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dynatrace in the first quarter worth approximately $45,000. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DT. Guggenheim lifted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wells Fargo & Company began coverage on shares of Dynatrace in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. BMO Capital Markets decreased their price target on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.96.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the completion of the sale, the executive vice president owned 1,420 shares of the company’s stock, valued at $71,000. This trade represents a 84.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer directly owned 22,555 shares of the company’s stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,602 shares of company stock valued at $529,579 in the last quarter. Company insiders own 0.57% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $47.93 on Monday. The company has a 50 day moving average price of $48.89 and a 200 day moving average price of $50.18. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 4.23 and a beta of 0.88.

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

About Dynatrace

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.