Dynatrace, Inc. (NYSE:DT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 93.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,151 shares of the company's stock after selling 848,223 shares during the quarter. Bank of Montreal Can's holdings in Dynatrace were worth $3,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC boosted its position in shares of 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. Huntington National Bank increased its holdings in shares of Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after buying an additional 541 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last ninety days. Insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group upped their target price on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Royal Bank of Canada boosted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Stifel Nicolaus increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their target price on Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.83.

Dynatrace Stock Performance

Dynatrace stock traded down $0.12 during trading on Friday, reaching $43.08. The company had a trading volume of 2,457,219 shares, compared to its average volume of 3,226,094. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock's 50 day moving average price is $50.91 and its two-hundred day moving average price is $53.46. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 7.05 and a beta of 1.05.

Dynatrace 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.