Dupont Capital Management Corp acquired a new position in shares of Dynatrace (NYSE:DT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,738 shares of the company’s stock, valued at approximately $598,000.
A number of other institutional investors also recently made changes to their positions in DT. Sunbelt Securities Inc. acquired a new stake in Dynatrace during the fourth quarter worth $2,530,000. Citigroup Inc. increased its stake in Dynatrace by 5.4% during the first quarter. Citigroup Inc. now owns 16,676 shares of the company’s stock worth $398,000 after acquiring an additional 852 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Dynatrace during the second quarter worth $43,000. American International Group Inc. increased its stake in Dynatrace by 249.6% during the first quarter. American International Group Inc. now owns 2,797 shares of the company’s stock worth $67,000 after acquiring an additional 1,997 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Dynatrace during the second quarter worth $122,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.
In other news, CEO Siclen John Van sold 55,000 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $41.34, for a total value of $2,273,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,414,360 shares of the company’s stock, valued at approximately $58,469,642.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $37.83, for a total value of $1,891,500.00. Following the completion of the sale, the senior vice president now directly owns 903,727 shares of the company’s stock, valued at $34,187,992.41. The disclosure for this sale can be found here. Insiders have sold a total of 30,509,874 shares of company stock valued at $1,047,682,132 over the last ninety days. 1.50% of the stock is owned by company insiders.
Shares of NYSE DT opened at $41.83 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $41.34 and a two-hundred day moving average of $32.72. Dynatrace has a 1 year low of $17.05 and a 1 year high of $44.65.
Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $155.51 million during the quarter, compared to the consensus estimate of $149.63 million. Dynatrace had a negative return on equity of 8.18% and a negative net margin of 61.51%. Dynatrace’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. Equities research analysts anticipate that Dynatrace will post 0.2 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. Bank of America reissued a “buy” rating and set a $40.00 target price on shares of Dynatrace in a research note on Tuesday, July 28th. Zacks Investment Research cut Dynatrace from a “buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Barclays lifted their price objective on Dynatrace from $38.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Rosenblatt Securities lifted their price objective on Dynatrace from $32.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their price objective on Dynatrace from $35.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fifteen 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 $39.76.
Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.
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