APG Asset Management US Inc. Sells 44,243 Shares of Dynatrace, Inc. (NYSE:DT)

APG Asset Management US Inc. lowered its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 69.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,775 shares of the company's stock after selling 44,243 shares during the quarter. APG Asset Management US Inc.'s holdings in Dynatrace were worth $1,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. APG Asset Management N.V. lifted its holdings in Dynatrace by 467.0% in the fourth quarter. APG Asset Management N.V. now owns 211,801 shares of the company's stock valued at $11,117,000 after buying an additional 174,444 shares during the period. Bank of Nova Scotia lifted its stake in shares of Dynatrace by 24.6% in the 4th quarter. Bank of Nova Scotia now owns 17,118 shares of the company's stock valued at $930,000 after purchasing an additional 3,385 shares during the period. Renaissance Technologies LLC boosted its position in shares of Dynatrace by 151.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,167,058 shares of the company's stock worth $63,430,000 after purchasing an additional 702,958 shares during the last quarter. FIL Ltd grew its stake in shares of Dynatrace by 16.0% during the fourth quarter. FIL Ltd now owns 44,661 shares of the company's stock worth $2,427,000 after purchasing an additional 6,145 shares during the period. Finally, Shelton Capital Management increased its holdings in Dynatrace by 18.7% in the fourth quarter. Shelton Capital Management now owns 11,244 shares of the company's stock valued at $611,000 after purchasing an additional 1,774 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports 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 target price on shares of Dynatrace in a research note on Friday, January 31st. Jefferies Financial Group cut their target price on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $62.35.

Dynatrace Stock Performance

Shares of DT stock traded up $0.35 on Tuesday, hitting $43.72. The company's stock had a trading volume of 1,476,558 shares, compared to its average volume of 3,227,945. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a market capitalization of $13.09 billion, a PE ratio of 27.33, a PEG ratio of 7.05 and a beta of 1.05. The stock's 50 day moving average is $52.31 and its 200-day moving average is $53.74.

Insider Transactions at Dynatrace

In other Dynatrace news, 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 transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

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.