CIBC Private Wealth Group LLC Has $278,000 Stock Position in Dynatrace, Inc. (NYSE:DT)

CIBC Private Wealth Group LLC cut its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,316 shares of the company's stock after selling 59,371 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Dynatrace were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% in the fourth 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 period. SBI Securities Co. Ltd. acquired a new stake in Dynatrace in the fourth quarter worth about $38,000. Nisa Investment Advisors LLC increased its position in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the period. UMB Bank n.a. increased its position in 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 purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock worth $78,000 after purchasing an additional 911 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Dynatrace Stock Performance

DT traded down $1.96 on Thursday, reaching $43.10. The company had a trading volume of 383,746 shares, compared to its average volume of 3,216,926. The company's fifty day moving average is $53.29 and its 200 day moving average is $53.93. The stock has a market cap of $12.90 billion, a P/E ratio of 27.00, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was 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 owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. This represents a 6.79 % 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 quarter. Company insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

DT has been the subject of a number of research reports. Scotiabank lifted their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Morgan Stanley raised their target price on Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Jefferies Financial Group reduced their target price on Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Finally, Guggenheim restated a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $63.13.

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.