Commonwealth Equity Services LLC Sells 4,586 Shares of Dynatrace, Inc. (NYSE:DT)

Commonwealth Equity Services LLC reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,214 shares of the company’s stock after selling 4,586 shares during the period. Commonwealth Equity Services LLC’s holdings in Dynatrace were worth $555,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Dynatrace by 12.6% in the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock worth $141,930,000 after acquiring an additional 292,400 shares during the period. DSM Capital Partners LLC boosted its holdings in Dynatrace by 55.3% in the fourth quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock valued at $133,407,000 after acquiring an additional 874,429 shares in the last quarter. Finally, Barclays PLC increased its position in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the period. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. Barclays raised their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wedbush restated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley lifted their price target on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were 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. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of NYSE DT opened at $41.99 on Friday. The firm’s 50 day moving average price is $54.75 and its 200-day moving average price is $54.24. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The company has a market cap of $12.57 billion, a PE ratio of 26.25, a P/E/G ratio of 7.05 and a beta of 1.05.

Dynatrace 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.