Versant Capital Management Inc Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Versant Capital Management Inc boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 3,813.3% in the second quarter, HoldingsChannel reports. The fund owned 587 shares of the company’s stock after purchasing an additional 572 shares during the quarter. Versant Capital Management Inc’s holdings in Dynatrace were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DT. Geneos Wealth Management Inc. lifted its position in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the last quarter. DSM Capital Partners LLC purchased a new position in shares of Dynatrace in the fourth quarter worth $28,000. Rise Advisors LLC purchased a new position in shares of Dynatrace in the first quarter worth $30,000. NewSquare Capital LLC purchased a new position in shares of Dynatrace in the fourth quarter worth $32,000. Finally, Lindbrook Capital LLC raised its holdings in shares of Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.57 during midday trading on Tuesday, hitting $40.51. The company’s stock had a trading volume of 5,596,168 shares, compared to its average volume of 3,551,453. The business’s 50 day simple moving average is $44.55 and its 200 day simple moving average is $47.58. The company has a market cap of $12.08 billion, a P/E ratio of 78.69, a price-to-earnings-growth ratio of 6.40 and a beta of 1.04. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $380.85 million during the quarter, compared to analysts’ expectations of $375.20 million. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. On average, sell-side analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DT shares. Bank of America cut their price objective on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird cut their price objective on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Royal Bank of Canada cut their price objective on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday. Finally, TD Cowen cut their price objective on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.17.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares in the company, valued at $10,514,277.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The disclosure for this sale can be found here. Insiders have sold 84,274 shares of company stock valued at $3,883,271 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Dynatrace 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.