SG Americas Securities LLC Trims Holdings in Dynatrace, Inc. (NYSE:DT)

SG Americas Securities LLC trimmed its position in Dynatrace, Inc. (NYSE:DT) by 89.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,292 shares of the company’s stock after selling 19,006 shares during the quarter. SG Americas Securities LLC’s holdings in Dynatrace were worth $125,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 206 shares during the last quarter. Virtue Capital Management LLC raised its position in Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after acquiring an additional 212 shares in the last quarter. Atria Investments Inc raised its position in Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after acquiring an additional 240 shares in the last quarter. Avior Wealth Management LLC raised its position in Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after acquiring an additional 248 shares in the last quarter. Finally, Riverview Trust Co raised its position in Dynatrace by 70.6% during 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 in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

NYSE DT opened at $61.43 on Wednesday. The stock’s fifty day moving average is $55.30 and its two-hundred day moving average is $52.82. The firm has a market capitalization of $18.39 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.85.

Analysts Set New Price Targets

Several brokerages recently weighed in on DT. Jefferies Financial Group lifted their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. 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. Wedbush reiterated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. BMO Capital Markets lifted their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada boosted their price objective on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.74.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace 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 sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction 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 owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,527 shares of company stock valued at $3,045,284. Insiders own 0.59% of the company’s stock.

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.