Walter Public Investments Inc. Sells 54,345 Shares of Dynatrace, Inc. (NYSE:DT)

Walter Public Investments Inc. trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,709 shares of the company's stock after selling 54,345 shares during the quarter. Dynatrace accounts for 2.7% of Walter Public Investments Inc.'s portfolio, making the stock its 22nd largest holding. Walter Public Investments Inc. owned approximately 0.09% of Dynatrace worth $14,985,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after acquiring an additional 206 shares during the last quarter. Virtue Capital Management LLC raised its position in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock worth $282,000 after purchasing an additional 212 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after purchasing an additional 222 shares during the last quarter. Atria Investments Inc raised its position in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after purchasing an additional 240 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Dynatrace by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company's stock worth $470,000 after purchasing an additional 248 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,459 shares of company stock worth $10,052,682 in the last three months. Insiders own 0.59% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DT shares. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. UBS Group boosted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.

Dynatrace Stock Performance

NYSE DT traded down $0.05 on Friday, reaching $57.26. The company had a trading volume of 2,689,591 shares, compared to its average volume of 3,352,425. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company's fifty day moving average is $56.46 and its 200-day moving average is $54.32.

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.