Hantz Financial Services Inc. Lowers Stock Position in Dynatrace, Inc. $DT

Hantz Financial Services Inc. cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 20.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,237 shares of the company’s stock after selling 39,105 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.05% of Dynatrace worth $7,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in Dynatrace by 561.4% during the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock valued at $28,000 after purchasing an additional 494 shares in the last quarter. MAI Capital Management increased its stake in shares of Dynatrace by 122.4% in the second quarter. MAI Capital Management now owns 547 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Dynatrace during the 2nd quarter valued at $34,000. Eastern Bank purchased a new position in shares of Dynatrace during the 2nd quarter valued at $35,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Dynatrace in the 3rd quarter worth $37,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DT shares. Citigroup decreased their price target on Dynatrace from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Truist Financial cut their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Dynatrace in a research note on Monday, December 29th. KeyCorp lowered their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Barclays cut their price objective on shares of Dynatrace from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.95.

Insider Activity at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer owned 23,380 shares in the company, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 30,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 108,125 shares in the company, valued at approximately $5,039,706.25. The trade was a 21.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 39,843 shares of company stock valued at $1,846,424. 0.57% of the stock is owned by corporate insiders.

Dynatrace Trading Up 0.1%

NYSE:DT opened at $34.59 on Thursday. The business’s 50-day moving average is $42.39 and its 200 day moving average is $46.63. Dynatrace, Inc. has a 12 month low of $33.24 and a 12 month high of $63.00. The company has a market capitalization of $10.43 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.73 and a beta of 0.84.

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

Dynatrace 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.