CANADA LIFE ASSURANCE Co Has $30.54 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

CANADA LIFE ASSURANCE Co reduced its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 561,594 shares of the company's stock after selling 25,434 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.19% of Dynatrace worth $30,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the last quarter. Versant Capital Management Inc boosted its stake in Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after purchasing an additional 206 shares during the period. Quadrant Capital Group LLC grew its position in Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock worth $183,000 after purchasing an additional 216 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after acquiring an additional 222 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Up 2.6 %

DT stock traded up $1.12 during trading on Wednesday, hitting $44.02. The company had a trading volume of 2,322,768 shares, compared to its average volume of 3,231,330. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 7.05 and a beta of 1.05. The firm has a 50-day moving average price of $50.12 and a 200-day moving average price of $53.32. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DT shares. Scotiabank boosted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Jefferies Financial Group cut their price objective on Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 7th. DA Davidson decreased their target price on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, UBS Group boosted their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.95.

Insider Buying and Selling

In related 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 sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company'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 transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company's stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. 0.59% of the stock is currently owned by company 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.