Blair William & Co. IL Lowers Stake in Dynatrace, Inc. (NYSE:DT)

Blair William & Co. IL reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 553,493 shares of the company's stock after selling 61,927 shares during the quarter. Blair William & Co. IL owned approximately 0.18% of Dynatrace worth $30,082,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DT. Advisors Asset Management Inc. grew its holdings in Dynatrace by 22.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company's stock valued at $282,000 after buying an additional 965 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Dynatrace by 13.7% during the 3rd quarter. Raymond James Trust N.A. now owns 6,641 shares of the company's stock worth $355,000 after acquiring an additional 802 shares in the last quarter. Citigroup Inc. raised its position in Dynatrace by 29.2% during the third quarter. Citigroup Inc. now owns 204,243 shares of the company's stock valued at $10,921,000 after purchasing an additional 46,173 shares in the last quarter. Cerity Partners LLC lifted its stake in Dynatrace by 291.2% during the third quarter. Cerity Partners LLC now owns 19,478 shares of the company's stock worth $1,041,000 after purchasing an additional 14,499 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Dynatrace in the 3rd quarter valued at $639,000. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada increased their target price 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. Finally, DA Davidson set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.35.

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Dynatrace Trading Up 1.2 %

Shares of DT stock traded up $0.56 during mid-day trading on Tuesday, reaching $47.71. The stock had a trading volume of 857,007 shares, compared to its average volume of 3,135,981. The firm has a market capitalization of $14.28 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock's 50-day moving average price is $55.43 and its two-hundred day moving average price is $54.43. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were 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 $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. 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. Corporate insiders own 0.59% of the company's stock.

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.