Dynatrace, Inc. (NYSE:DT) Shares Sold by Choreo LLC

Choreo LLC reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,143 shares of the company’s stock after selling 877 shares during the period. Choreo LLC’s holdings in Dynatrace were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DT. Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Dynatrace during the 3rd quarter worth approximately $52,000. UMB Bank n.a. increased its stake in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Dynatrace by 53.6% in the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after buying an additional 527 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Up 1.7 %

Shares of Dynatrace stock opened at $62.45 on Thursday. The firm has a market cap of $18.69 billion, a PE ratio of 39.03, a P/E/G ratio of 6.93 and a beta of 1.04. The business has a 50-day moving average price of $55.39 and a 200 day moving average price of $52.94. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DT shares. Royal Bank of Canada boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Scotiabank lifted their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, Morgan Stanley increased their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s 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 transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,527 shares of company stock valued at $3,045,284. Company insiders own 0.59% of the company’s stock.

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.