Andar Capital Management HK Ltd Has $1.34 Million Position in Dynatrace, Inc. (NYSE:DT)

Andar Capital Management HK Ltd lowered its stake in shares of Dynatrace, Inc. (NYSE:DT) by 78.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 110,000 shares during the period. Dynatrace comprises about 1.9% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 19th biggest holding. Andar Capital Management HK Ltd’s holdings in Dynatrace were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace in the 2nd quarter valued at $26,000. DSM Capital Partners LLC acquired a new stake in shares of Dynatrace in the 4th quarter valued at $28,000. Finally, Rise Advisors LLC acquired a new stake in shares of Dynatrace in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 1.0 %

NYSE DT opened at $52.09 on Wednesday. The stock has a market cap of $15.53 billion, a P/E ratio of 100.17, a PEG ratio of 7.63 and a beta of 1.05. The company’s 50-day simple moving average is $47.15 and its 200 day simple moving average is $46.44. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Research analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Wedbush reissued a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Piper Sandler initiated coverage on shares of Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price for the company. Finally, Loop Capital cut their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $59.70.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Insiders have sold a total of 76,426 shares of company stock valued at $3,804,069 over the last quarter. 0.54% of the stock is owned by company insiders.

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.