Dynatrace, Inc. (NYSE:DT) Stock Position Reduced by Cinctive Capital Management LP

Cinctive Capital Management LP reduced its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,298 shares of the company's stock after selling 115,374 shares during the period. Cinctive Capital Management LP owned 0.06% of Dynatrace worth $10,397,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC increased its stake in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after buying an additional 212 shares during the period. Nations Financial Group Inc. IA ADV raised 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 buying an additional 222 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dynatrace by 0.4% during 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 acquiring an additional 253 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. This represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated 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 directly owns 36,471 shares of the company's stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 in the last three months. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of DT traded down $1.11 during trading hours on Monday, hitting $40.90. The stock had a trading volume of 2,568,249 shares, compared to its average volume of 3,152,588. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market cap of $12.24 billion, a P/E ratio of 25.57, a P/E/G ratio of 7.05 and a beta of 1.05. The company's fifty day simple moving average is $54.75 and its 200 day simple moving average is $54.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DT shares. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on Dynatrace in a research 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 report on Thursday, February 6th. DA Davidson set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.13.

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.