Lbp Am Sa Sells 9,148 Shares of Dynatrace, Inc. (NYSE:DT)

LBP AM SA lessened its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,417 shares of the company's stock after selling 9,148 shares during the period. LBP AM SA's holdings in Dynatrace were worth $6,708,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DT. Atria Investments Inc increased its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company's stock valued at $385,000 after purchasing an additional 240 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Dynatrace in the third quarter valued at approximately $600,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Dynatrace by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 551,370 shares of the company's stock valued at $29,482,000 after buying an additional 48,155 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Dynatrace by 10.3% in the third quarter. Victory Capital Management Inc. now owns 353,229 shares of the company's stock valued at $18,887,000 after buying an additional 33,038 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Dynatrace by 32.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 35,216 shares of the company's stock valued at $1,883,000 after buying an additional 8,591 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 0.8 %

Shares of DT traded up $0.38 during trading hours on Wednesday, hitting $49.54. The company had a trading volume of 1,800,270 shares, compared to its average volume of 3,146,422. The business has a fifty day moving average of $55.73 and a 200-day moving average of $54.47. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 7.05 and a beta of 1.12.

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Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred 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 sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. BMO Capital Markets reduced their price target on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday. Stifel Nicolaus upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. UBS Group upped their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, January 31st. DA Davidson set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, 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 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 company's stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.35.

About Dynatrace

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.