Corebridge Financial Inc. Has $18.54 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Corebridge Financial Inc. cut its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,105 shares of the company's stock after selling 14,624 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Dynatrace worth $18,539,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Dynatrace in the third quarter valued at approximately $389,000. PNC Financial Services Group Inc. raised its holdings in Dynatrace by 10.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,679 shares of the company's stock worth $1,801,000 after acquiring an additional 3,132 shares during the period. Advisors Asset Management Inc. lifted its position in Dynatrace by 22.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company's stock worth $282,000 after acquiring an additional 965 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Dynatrace by 53.6% during the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company's stock valued at $81,000 after acquiring an additional 527 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Dynatrace by 23.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,993,386 shares of the company's stock valued at $106,586,000 after purchasing an additional 384,708 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.63 on Friday, hitting $48.39. The stock had a trading volume of 3,052,540 shares, compared to its average volume of 3,210,414. The firm's 50 day moving average price is $55.52 and its 200-day moving average price is $54.43. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DT. DA Davidson set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets cut their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Scotiabank raised their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $63.35.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the firm'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 completion of the sale, the director now directly owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, 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. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last ninety days. Insiders own 0.59% of the company's stock.

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.