Congress Wealth Management LLC DE Decreases Stake in Dynatrace, Inc. (NYSE:DT)

Congress Wealth Management LLC DE reduced its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,379 shares of the company's stock after selling 11,692 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.09% of Dynatrace worth $14,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% in 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Dynatrace in the 4th quarter valued at approximately $38,000. Nisa Investment Advisors LLC lifted its position in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. UMB Bank n.a. boosted its stake in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after purchasing an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Dynatrace by 173.2% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

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Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction 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 transaction, the director now directly owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DT. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. DA Davidson set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Scotiabank upped their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. UBS Group lifted their target price on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.35.

Dynatrace Stock Down 1.3 %

Shares of NYSE DT traded down $0.63 during midday trading on Friday, reaching $48.39. 3,052,540 shares of the company's stock traded hands, compared to its average volume of 3,210,414. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The stock's 50 day simple moving average is $55.52 and its 200-day simple moving average is $54.40.

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.