Hennion & Walsh Asset Management Inc. Cuts Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,299 shares of the company’s stock after selling 4,206 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Dynatrace were worth $614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama lifted its position in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after buying an additional 64,999 shares during the last quarter. Geode Capital Management LLC lifted its position in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares during the last quarter. Synovus Financial Corp lifted its position in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after buying an additional 13,957 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after buying an additional 9,444 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Dynatrace in the 3rd quarter worth approximately $600,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $51.31 on Tuesday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The business’s 50-day moving average is $54.27 and its two-hundred day moving average is $51.32. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 93.29, a P/E/G ratio of 7.39 and a beta of 1.02.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DT shares. Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Guggenheim downgraded Dynatrace from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.92.

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.