Dynatrace, Inc. (NYSE:DT) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,326,279 shares of the company's stock after selling 175,172 shares during the quarter. Congress Asset Management Co. owned 0.78% of Dynatrace worth $126,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DT. State Street Corp lifted its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after acquiring an additional 884,673 shares during the last quarter. RGM Capital LLC lifted its stake in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock worth $232,210,000 after acquiring an additional 494,028 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock worth $144,571,000 after acquiring an additional 648,808 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in Dynatrace in the third quarter worth approximately $126,592,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

DT traded down $0.70 during trading on Wednesday, hitting $61.68. The stock had a trading volume of 2,331,166 shares, compared to its average volume of 3,489,439. The firm has a market capitalization of $18.46 billion, a P/E ratio of 38.55, a PEG ratio of 7.06 and a beta of 1.04. The company's 50-day moving average price is $55.77 and its 200 day moving average price is $53.60. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company'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 $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,459 shares of company stock valued at $7,634,682. 0.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DT. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Cantor Fitzgerald restated a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. UBS Group boosted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.04.

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.