Mount Yale Investment Advisors LLC sells 679 shares of Dynatrace, Inc. (NYSE:DT)

Mount Yale Investment Advisors LLC reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,824 shares of the company’s stock after selling 679 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Dynatrace were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DT. PNC Financial Services Group Inc. grew its position in Dynatrace by 6.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock worth $1,443,000 after buying an additional 1,632 shares in the last quarter. UBS Group AG raised its holdings in shares of Dynatrace by 14.5% in the 4th quarter. UBS Group AG now owns 353,880 shares of the company’s stock valued at $19,354,000 after acquiring an additional 44,842 shares in the last quarter . Coldstream Capital Management Inc. raised its stake in Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock valued at $255,000 after acquiring an additional 270 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Dynatrace by 36.1% in the fourth quarter. Wells Fargo & Company MN now owns 217,747 shares of the company’s stock worth $11,909,000 after buying an additional 57,810 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Dynatrace during the fourth quarter valued at approximately $471,000. Institutional investors own 94.28% of the company’s shares.

Dynatrace stock performance

Shares of NYSE:DT opened at $52.01 on Tuesday. The company has a fifty day moving average of $47.80 and a 200 day moving average of $46.57. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The firm has a market cap of $15.51 billion, a PE ratio of 100.02, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT – Get Your Free Report ) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. In the same quarter last year, the company posted EPS of $0.16. The company’s quarterly revenue was up 19.9% ​​compared to the same quarter last year. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Analysts on Wall Street are forecasting an increase

A number of equities analysts recently commented on DT shares. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. BMO Capital Markets upped their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Wells Fargo & Company cut their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Guggenheim dropped their price objective on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $59.70, based on data from MarketBeat.com.

Read our latest research report on DT

Insider buying and selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. In related news, CEO Rick M. McConnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The disclosure for this sale can be found here. Insiders sold 76,426 shares of company stock worth $3,804,069 in the last quarter. Insiders own 0.54% of the company’s shares.

About Dynatrace

(Free Report)

Dynatrace, Inc provides a security platform for multicloud environments. It operates Dynatrace, a security platform that provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analysis, digital experience monitoring, digital business analytics and cloud automation.

Further reading

Want to see what other hedge funds own DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Dynatrace, Inc. (NYSE:DT – Free Report).

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