Allianz Asset Management GmbH Has $81.48 Million Position in Dynatrace, Inc. $DT

Allianz Asset Management GmbH lessened its position in Dynatrace, Inc. (NYSE:DT) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,681,774 shares of the company’s stock after selling 293,034 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.56% of Dynatrace worth $81,482,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. MAI Capital Management boosted its holdings in Dynatrace by 122.4% during the second quarter. MAI Capital Management now owns 547 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Dynatrace in the 2nd quarter valued at $34,000. Eastern Bank bought a new stake in Dynatrace during the 2nd quarter worth about $35,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Dynatrace during the 3rd quarter worth about $37,000. Finally, First Horizon Corp bought a new position in shares of Dynatrace in the 3rd quarter valued at about $39,000. 94.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $46.61, for a total transaction of $1,398,300.00. Following the completion of the sale, the chief executive officer owned 108,125 shares of the company’s stock, valued at approximately $5,039,706.25. This represents a 21.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the transaction, the chief accounting officer directly owned 23,380 shares in the company, valued at approximately $1,091,612.20. This trade represents a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,843 shares of company stock valued at $1,846,424. 0.57% of the stock is currently owned by company insiders.

Dynatrace Trading Down 9.4%

Shares of NYSE DT opened at $34.49 on Wednesday. The firm has a market cap of $10.40 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.00 and a beta of 0.84. The business’s 50 day moving average is $42.59 and its 200-day moving average is $46.71. Dynatrace, Inc. has a 1-year low of $33.85 and a 1-year high of $63.00.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Dynatrace had a return on equity of 9.24% and a net margin of 27.33%.The business had revenue of $493.85 million during the quarter, compared to analysts’ expectations of $487.33 million. During the same period in the previous year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DT. Barclays lowered their price target on Dynatrace from $62.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Truist Financial cut their price target on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. TD Cowen decreased their price objective on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Scotiabank lowered their price objective on shares of Dynatrace from $67.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Citigroup cut their target price on shares of Dynatrace from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.41.

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.