Malaga Cove Capital LLC Has $1.47 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Malaga Cove Capital LLC cut its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,955 shares of the company’s stock after selling 326 shares during the quarter. Malaga Cove Capital LLC’s holdings in Dynatrace were worth $1,474,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DT. Contravisory Investment Management Inc. acquired a new position in Dynatrace in the 4th quarter valued at approximately $25,000. NewSquare Capital LLC acquired a new stake in shares of Dynatrace during the 4th quarter valued at about $32,000. Planned Solutions Inc. acquired a new stake in Dynatrace during the fourth quarter valued at approximately $38,000. Lindbrook Capital LLC raised its stake in Dynatrace by 35.9% during the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after acquiring an additional 187 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Dynatrace in the 4th quarter valued at $40,000. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dynatrace news, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction dated Thursday, February 15th. The stock was 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 in the company, valued at $4,704,649.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dan Zugelder sold 6,595 shares of Dynatrace stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the completion of the sale, the senior vice president now directly owns 89,425 shares of the company’s stock, valued at approximately $4,704,649.25. The disclosure for this sale can be found here. Insiders have sold 14,278,591 shares of company stock valued at $750,893,396 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Dynatrace Stock Down 0.1 %

Shares of NYSE:DT traded down $0.05 during mid-day trading on Friday, reaching $45.79. 8,769,237 shares of the stock were exchanged, compared to its average volume of 3,126,549. The stock’s 50 day simple moving average is $46.56 and its 200-day simple moving average is $50.72. Dynatrace, Inc. has a one year low of $42.50 and a one year high of $61.41. The company has a market cap of $13.48 billion, a P/E ratio of 69.38, a P/E/G ratio of 3.95 and a beta of 1.06.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. Analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DT shares. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. JMP Securities lifted their price objective on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research report on Friday, February 2nd. Truist Financial raised their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a research report on Friday, February 9th. Finally, Scotiabank raised their price target on shares of Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.