Atria Wealth Solutions Inc. Decreases Stock Position in Dynatrace, Inc. (NYSE:DT)

Atria Wealth Solutions Inc. lowered its stake in Dynatrace, Inc. (NYSE:DT) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,249 shares of the company’s stock after selling 540 shares during the period. Atria Wealth Solutions Inc.’s holdings in Dynatrace were worth $231,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DT. Retirement Systems of Alabama increased its holdings in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC increased its holdings in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the period. Synovus Financial Corp increased its holdings in Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after purchasing an additional 13,957 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after purchasing an additional 9,444 shares during the period. Finally, Swiss National Bank increased its holdings in Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock valued at $44,958,000 after purchasing an additional 52,000 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock worth $10,052,682 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 0.1 %

Shares of DT opened at $57.26 on Friday. The firm has a market cap of $17.14 billion, a PE ratio of 35.79, a P/E/G ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The firm has a fifty day simple moving average of $56.46 and a two-hundred day simple moving average of $54.32.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DT shares. Guggenheim restated a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Barclays upped their target price on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Royal Bank of Canada upped their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Wedbush reiterated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.