Sanctuary Advisors LLC Trims Stake in Dynatrace, Inc. (NYSE:DT)

Sanctuary Advisors LLC lowered its position in Dynatrace, Inc. (NYSE:DT) by 36.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,673 shares of the company’s stock after selling 4,363 shares during the quarter. Sanctuary Advisors LLC’s holdings in Dynatrace were worth $426,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the 2nd quarter worth $26,000. Riverview Trust Co increased its stake in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. UMB Bank n.a. raised its position in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares in the last quarter. Paladin Wealth LLC bought a new stake in Dynatrace during the third quarter worth about $38,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Dynatrace in the 3rd quarter worth about $52,000. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,027 shares of company stock valued at $3,168,084 in the last three months. 0.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DT. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Finally, UBS Group began coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target for the company. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Dynatrace Stock Up 0.1 %

Shares of DT stock opened at $55.10 on Friday. The business’s fifty day moving average is $54.82 and its 200 day moving average is $50.37. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 100.18, a PEG ratio of 8.20 and a beta of 1.01. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

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.