Victory Capital Management Inc. Lowers Holdings in Dynatrace, Inc. (NYSE:DT)

Victory Capital Management Inc. reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,708 shares of the company’s stock after selling 19,521 shares during the period. Victory Capital Management Inc. owned about 0.11% of Dynatrace worth $18,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. Versant Capital Management Inc raised its position in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC lifted its stake in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after acquiring an additional 222 shares during the period. Finally, Atria Investments Inc boosted its position in shares of Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on DT shares. Wedbush reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Morgan Stanley increased their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Trading Up 1.4 %

DT stock opened at $49.37 on Wednesday. The firm has a market cap of $14.78 billion, a PE ratio of 30.85, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The company has a fifty day simple moving average of $56.22 and a 200 day simple moving average of $54.52.

Dynatrace Company Profile

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.