Fmr LLC Reduces Holdings in Dynatrace, Inc. (NYSE:DT)

FMR LLC trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 68.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,940,694 shares of the company's stock after selling 6,346,220 shares during the quarter. FMR LLC owned about 0.99% of Dynatrace worth $157,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company's stock valued at $26,000 after acquiring an additional 572 shares during the period. Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC bought a new stake in Dynatrace during the third quarter worth approximately $38,000. Finally, UMB Bank n.a. boosted its position in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after buying an additional 535 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 4.0 %

Shares of NYSE DT traded up $2.31 during trading hours on Wednesday, reaching $59.60. 4,297,998 shares of the stock traded hands, compared to its average volume of 3,374,756. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The company's 50-day simple moving average is $54.15 and its two-hundred day simple moving average is $49.40. The company has a market capitalization of $17.79 billion, a P/E ratio of 108.35, a price-to-earnings-growth ratio of 8.24 and a beta of 1.01.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on DT shares. Barclays raised shares of Dynatrace from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Loop Capital raised their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. UBS Group initiated coverage on shares of Dynatrace in a report on Wednesday, November 27th. They set a "neutral" rating and a $58.00 price target for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Friday, November 8th. Finally, BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $61.36.

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.