Sanctuary Advisors LLC Sells 2,411 Shares of Dynatrace, Inc. (NYSE:DT)

Sanctuary Advisors LLC decreased its stake in Dynatrace, Inc. (NYSE:DT) by 31.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,262 shares of the company’s stock after selling 2,411 shares during the period. Sanctuary Advisors LLC’s holdings in Dynatrace were worth $304,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Dynatrace in the third quarter worth about $587,000. First Trust Direct Indexing L.P. increased its stake in shares of Dynatrace by 11.6% in the third quarter. First Trust Direct Indexing L.P. now owns 5,524 shares of the company’s stock worth $295,000 after purchasing an additional 576 shares in the last quarter. US Bancorp DE increased its stake in shares of Dynatrace by 1.9% in the third quarter. US Bancorp DE now owns 53,455 shares of the company’s stock worth $2,858,000 after purchasing an additional 972 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Dynatrace by 41.8% in the third quarter. QRG Capital Management Inc. now owns 54,848 shares of the company’s stock worth $2,933,000 after purchasing an additional 16,178 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Dynatrace by 10.9% in the third quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company’s stock worth $1,182,000 after purchasing an additional 2,167 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 1.1 %

NYSE:DT opened at $55.14 on Wednesday. The company has a fifty day moving average of $56.48 and a 200 day moving average of $54.45. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The firm has a market capitalization of $16.51 billion, a P/E ratio of 34.46, a P/E/G ratio of 7.05 and a beta of 1.04.

Analyst Ratings Changes

DT has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. 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 research note on Friday, January 31st. Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,459 shares of company stock worth $7,161,182 in the last three months. 0.59% of the stock is owned by insiders.

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.