F m Investments LLC Sells 96,947 Shares of Dynatrace, Inc. $DT

F m Investments LLC reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 91.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,074 shares of the company’s stock after selling 96,947 shares during the quarter. F m Investments LLC’s holdings in Dynatrace were worth $393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DT. Wellington Management Group LLP boosted its position in shares of Dynatrace by 719.3% during the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock worth $355,629,000 after buying an additional 6,444,262 shares during the period. Scge Management L.P. acquired a new position in shares of Dynatrace during the second quarter worth about $155,858,000. Pictet Asset Management Holding SA boosted its position in shares of Dynatrace by 16.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock worth $634,985,000 after buying an additional 2,076,990 shares during the period. Freestone Grove Partners LP boosted its position in shares of Dynatrace by 2,618.6% during the third quarter. Freestone Grove Partners LP now owns 1,429,738 shares of the company’s stock worth $69,271,000 after buying an additional 1,377,148 shares during the period. Finally, Boston Trust Walden Corp acquired a new position in shares of Dynatrace during the fourth quarter worth about $49,986,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Stephen A. Mcmahon purchased 3,000 shares of Dynatrace stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $35.75 per share, with a total value of $107,250.00. Following the completion of the transaction, the executive vice president owned 3,454 shares of the company’s stock, valued at approximately $123,480.50. This trade represents a 660.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE DT opened at $40.70 on Monday. The stock has a 50 day moving average price of $36.89 and a 200 day moving average price of $40.81. Dynatrace, Inc. has a 52 week low of $31.64 and a 52 week high of $57.55. The stock has a market capitalization of $12.14 billion, a PE ratio of 66.71, a price-to-earnings-growth ratio of 2.48 and a beta of 0.70.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Dynatrace had a return on equity of 9.75% and a net margin of 9.55%.The firm had revenue of $515.47 million during the quarter, compared to analysts’ expectations of $506.31 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Dynatrace, Inc. will post 0.88 EPS for the current year.

Dynatrace declared that its Board of Directors has approved a stock repurchase plan on Monday, February 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 9.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DT. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dynatrace in a research report on Monday, February 9th. The Goldman Sachs Group began coverage on Dynatrace in a research report on Tuesday, April 21st. They set a “buy” rating and a $45.00 price objective for the company. Truist Financial set a $45.00 price objective on Dynatrace in a research report on Wednesday, April 15th. Scotiabank reduced their price objective on Dynatrace from $60.00 to $47.00 and set a “sector outperform” rating for the company in a research report on Tuesday, February 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $53.00 price objective on shares of Dynatrace in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.32.

Dynatrace Company Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.