Stanley Laman Group Ltd. Sells 2,877 Shares of Dynatrace, Inc. (NYSE:DT)

Stanley Laman Group Ltd. lessened its holdings in Dynatrace, Inc. (NYSE:DT) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,218 shares of the company’s stock after selling 2,877 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Dynatrace were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Dynatrace by 8.8% during the third quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after buying an additional 1,940,604 shares in the last quarter. FMR LLC grew its position in shares of Dynatrace by 3.1% during the 3rd quarter. FMR LLC now owns 18,213,109 shares of the company’s stock worth $851,099,000 after buying an additional 555,739 shares during the period. Brown Advisory Inc. grew its position in shares of Dynatrace by 2.0% during the 3rd quarter. Brown Advisory Inc. now owns 11,772,653 shares of the company’s stock worth $550,136,000 after buying an additional 229,631 shares during the period. Ameriprise Financial Inc. grew its position in shares of Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock worth $188,717,000 after buying an additional 375,463 shares during the period. Finally, William Blair Investment Management LLC grew its position in Dynatrace by 0.3% in the 3rd quarter. William Blair Investment Management LLC now owns 3,835,232 shares of the company’s stock valued at $179,220,000 after purchasing an additional 10,956 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Dan Zugelder sold 6,595 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now directly owns 89,425 shares in the company, valued at $4,704,649.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company’s stock, valued at $4,704,649.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock worth $750,893,396. Insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

Shares of DT traded up $0.50 during midday trading on Friday, hitting $47.10. 1,924,285 shares of the company traded hands, compared to its average volume of 3,508,077. The stock has a 50-day moving average of $46.99 and a 200-day moving average of $50.80. Dynatrace, Inc. has a one year low of $40.57 and a one year high of $61.41. The firm has a market cap of $13.87 billion, a P/E ratio of 71.36, a PEG ratio of 4.01 and a beta of 1.07.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The firm had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $357.64 million. Sell-side analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DT. Citigroup raised their price objective on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Wolfe Research began coverage on Dynatrace in a research note on Monday, March 18th. They set an “outperform” rating and a $60.00 price objective on the stock. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and raised their price objective for the company from $50.00 to $70.00 in a research note on Friday, January 5th. Barclays lowered their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Dynatrace in a report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.08.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.